BTC daily review: Nice move Bitcoin
So we now have three taps of daily demand and prices reacted really well, we have a nice bounce across the board, seen better than average volume on Bitcoin yesterday.
Yesterdays B-word event seems to be a good catalyst to reverse things here.
I am looking at 2 scenarios:
Scenario 1: Bitcoin pulls back here and I will be a buyer with SL below yesterday open.
Scenario 2: Break the downtrend and I will but the pullback and retest of the trendline
For both scenarios, the target will be
36K and $40-
41KHappy trading
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