BTCUSD Chart Technical Outlook prime resistance is located at 67276
USD products are highlighting the scope for a correction.
Mixed and volatile trading has resulted in a corrective channel formation being posted on the intraday chart. A full AB=CD formation would take the cryptocurrency to 67,745. Bespoke resistance is located at 67,275. We have a 78.6% pullback level located at 67,325.
The immediate outlook is hard to ascertain. With three resistance zones located between 67,275 and 67,745, my preferred stance would be to sell into the completion of the corrective sequence.
