BTC - Strong Historical Resistance at $107,000 USD.
Bitcoin is currently hovering just below a historically strong resistance point which has existed going all the way back to the December 2017 high. On this current cycle, that level is $107,000 USD. If its going to break that resistance for the first time in almost 10 years its going to take a lot of smart money to do so.
Be careful going long here. If you were going to make a bet at this level, short BTC would have a higher probability of success.
On the other hand, if BTC is going to break this historical resistance line, it would be during this cycle, so don't count it out. I'm a long term holder so I'm not sweating it, but this price level is not the place to make crazy bets in my opinion.
Trade with caution. Watch the news and ask yourself, why do they want me to think one way or the other and if I take their view how would that benefit me. How would it benefit them?
Be careful going long here. If you were going to make a bet at this level, short BTC would have a higher probability of success.
On the other hand, if BTC is going to break this historical resistance line, it would be during this cycle, so don't count it out. I'm a long term holder so I'm not sweating it, but this price level is not the place to make crazy bets in my opinion.
Trade with caution. Watch the news and ask yourself, why do they want me to think one way or the other and if I take their view how would that benefit me. How would it benefit them?
כתב ויתור
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