Bullish long term but feels overcrowded at the moment
Updated
Bullish long term but feels overcrowded at the moment
50k seems to be proving a heavy resistance. Narrative remains intact and impressed with its resilience in the recent market turmoil but feels a little overcrowded at the moment.
Looking at 30kish level for support if price fails at current levels.
50k seems to be proving a heavy resistance. Narrative remains intact and impressed with its resilience in the recent market turmoil but feels a little overcrowded at the moment.
Looking at 30kish level for support if price fails at current levels.
Note
50k seems the inflection point. A solid break of it will lead to higher highs.
Bias as of writing is to the upside.
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