Bitcoin Daily Outlook
Daily:
Bitcoin continues to push higher. We’ve seen another strong daily closure and have now broken above $43,000. We may see more volatility enter the market if we continue this bullishness. It’s been a strong week and I believe we will see weekly closures at or around our current levels. We may even hit our next major resistance target of $45,500 before the end of the month. Tomorrow is the last day of the trading week and because of our current position in the markets; it will be more difficult to gauge direction. I will wait to see how the market closes tomorrow to scout positions for the weekend and early next week.
Intraday:
The intraday was bullish once again as we’ve had some of our most consistent price action in the last few months. We have seen steady growth over the past four days and we may see this continue tomorrow. We are currently testing resistance at $44,000 and I will wait to see how price structure is created from these levels.
Bitcoin continues to push higher. We’ve seen another strong daily closure and have now broken above $43,000. We may see more volatility enter the market if we continue this bullishness. It’s been a strong week and I believe we will see weekly closures at or around our current levels. We may even hit our next major resistance target of $45,500 before the end of the month. Tomorrow is the last day of the trading week and because of our current position in the markets; it will be more difficult to gauge direction. I will wait to see how the market closes tomorrow to scout positions for the weekend and early next week.
Intraday:
The intraday was bullish once again as we’ve had some of our most consistent price action in the last few months. We have seen steady growth over the past four days and we may see this continue tomorrow. We are currently testing resistance at $44,000 and I will wait to see how price structure is created from these levels.
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