Chapter 4 BTC/USD forecast
The BTC/USD price crossed the important resistance at 18,000 on Wednesday. As it rose, it moved above the crucial resistance point at 17,260, which was the neckline of the inverted head and shoulders pattern. The upward trend is supported by the Order Blocks . It also retested the 50% Fib level.
Therefore, the pair will likely retreat and retest the support at 17,260 and then resume the bullish trend. If this happens, the next key level to watch will be the psychological level of 19,000.
