Bitcoin / TetherUSUpdated Bitcoin breaking out? Where is the next resistance?
Bitcoin has been on the move in recent sessions. With the Fed balance sheet expanding by 300B & rates continuing to soften substantially.
Bitcoiners are front running a Fed pivot and buying up this rally.
One thing is for sure their is still major technical resistance up ahead and some consolidation is due.
Bitcoiners are front running a Fed pivot and buying up this rally.
One thing is for sure their is still major technical resistance up ahead and some consolidation is due.
Note
Once bitcoin hits major resistance we are expecting a larger pullback & consolidation before moving higher. Anyone chasing these levels will likely get a better entry if patience is exercised.
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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.