BTC just touched two NPOC levels in one powerful wick upwards.
High volume candle suggests a lot of bullish strength.
Next higher NPOC level around 43k.
Considering bullish strength, a move into 42k-43k territory touching upper NPOC level is not unreasonable. After which it may rejecting back down into the 30's to seek lower NPOC levels.
However, 40k remains a strong psychological barrier. If failing to break through and if rejection is confirmed, I will look at lower NPOC levels as next price targets.
High volume candle suggests a lot of bullish strength.
Next higher NPOC level around 43k.
Considering bullish strength, a move into 42k-43k territory touching upper NPOC level is not unreasonable. After which it may rejecting back down into the 30's to seek lower NPOC levels.
However, 40k remains a strong psychological barrier. If failing to break through and if rejection is confirmed, I will look at lower NPOC levels as next price targets.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.