As indicated in our previous analysis Bitcoin's performance has increasingly decoupled from the stock market which could explain it's pullback yesterday as stocks exploded higher on Pfizer's announcement of a successful coronavirus vaccine. Additionally, a pullback was due given the cryptocurrency has risen nearly 50% over the past month so we expect further upside in the coming trading sessions and prices to challenge resistance at $17300.
Disclaimer
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.
Disclaimer
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.