Bitcoin is holding up well against the 200 EMA so far and it's looking good.
I wouldn't be surprised if bitcoin makes a push today to target the 42k level, A break of this level would hold a nice amount of psychological weight and give the bulls the needed morale to continue the run.
I am just staying aware of the ascending nature we are climbing in at the moment. We could potentially climb to the 41.5k USD level and reject from here but I feel like this scenario is unlikely.
P.S Apologies for the typos on the title of the previous analysis I posted.
I wouldn't be surprised if bitcoin makes a push today to target the 42k level, A break of this level would hold a nice amount of psychological weight and give the bulls the needed morale to continue the run.
I am just staying aware of the ascending nature we are climbing in at the moment. We could potentially climb to the 41.5k USD level and reject from here but I feel like this scenario is unlikely.
P.S Apologies for the typos on the title of the previous analysis I posted.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.