There are currently 2 important price zones for Bitcoin, 1 Support zone and 1 Resistance zone.

Before price can move up further than the Resistance zone, it first needs to break the resistance zone and then flip it into support (also called a S/R Flip). It is also possible to burst right through the Resistance zone and keep pulsing but it is more common to see a back test.

If the price rejects the resistance or moves lower from the current price point, there is one important Support level that needs to hold the price up. If this Support zone holds the price, a new try of breaking the Resistance zone is likely.

If the price breaks the Support zone, it is getting a little tricky but there is one more zone that could save the price from a bigger size dump. But first we need to wait and see what price does with these 2 zones. We will discuss what happened in next weeks BTC update and show the important zones for that upcoming week!