Bitcoin Daily To Challenge MA200 Once More + Altcoins (Waves)
Updated
Yesterday Bitcoin was rejected right at MA200, the black line on the chart.
This is a very important level and after the rejection we see prices pushing back up right away.
We would normally see some retrace after such a rejection, the fact that Bitcoin is aiming back to this level gives out a good signal for the bulls.
Yesterday's volume is also good.
If MA200 gets conquered, we can see prices jump straight to $52,000 and then some more...
The more Bitcoin grows at this point, the more the Altcoins grow.
See how WAVESUSDT just hit a new All-Time High:
WAVESBTC went above the May and Sept. 2021 price peaks... This is extremely bullish...
Having Bitcoin and the Altcoins growing at the same time is the best scenario we can hope for.
If you have any input, please share with us in the comments section below.
Namaste.
This is a very important level and after the rejection we see prices pushing back up right away.
We would normally see some retrace after such a rejection, the fact that Bitcoin is aiming back to this level gives out a good signal for the bulls.
Yesterday's volume is also good.
If MA200 gets conquered, we can see prices jump straight to $52,000 and then some more...
The more Bitcoin grows at this point, the more the Altcoins grow.
See how WAVESUSDT just hit a new All-Time High:
WAVESBTC went above the May and Sept. 2021 price peaks... This is extremely bullish...
Having Bitcoin and the Altcoins growing at the same time is the best scenario we can hope for.
If you have any input, please share with us in the comments section below.
Namaste.
Note
"1,000,000,000 #USDT (1,000,000,000 USD) minted at Tether Treasury"Looks like Bitcoin will continue going up... 1B USDT printed. Brrr.
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