A couple of days ago, I made an analysis on Bitcoin. Here I argued that it was likely that BTC were to see further downside towards the descending trend line.
And indeed, the ~$51.8k resistance held and caused a strong reversal today. At the moment, we're re-testing the trend line. It would be incredibly bullish if this trend line were to hold and confirmed as support. In that case, $51.8k will be the first target.
Stock markets appear to be quite bullish after the SP500 made a new all-time high yesterday. Path of the least resistance would be up.
Happy trading!
And indeed, the ~$51.8k resistance held and caused a strong reversal today. At the moment, we're re-testing the trend line. It would be incredibly bullish if this trend line were to hold and confirmed as support. In that case, $51.8k will be the first target.
Stock markets appear to be quite bullish after the SP500 made a new all-time high yesterday. Path of the least resistance would be up.
Happy trading!
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