BTC has continued to push upwards over the last 36 hours, creating higher lows while savagely slaying bear-driven downward pressure. BTC tapped $6,570 thirty-six hours ago before rebounding to $6,700 within 3 minutes. From there, highs above $7,220 were reached followed by multiple down-swings which the bulls easily defended. Currently, we appear to be in a squeeze that could breakout upwards in the next 2-4 hours, IMHO.
Yesterday, almost exactly 24 hours, an 8 to 9% increase started, breaking out of short term resistance lines. I believe we hit our bottom yesterday and the next 24-48 hours are going to be spectacular. Good luck everyone!
Yesterday, almost exactly 24 hours, an 8 to 9% increase started, breaking out of short term resistance lines. I believe we hit our bottom yesterday and the next 24-48 hours are going to be spectacular. Good luck everyone!
Note
More resistance at $6,850! LETS GO BULLS!
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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.