BTC has been on an incredible bull run and has met some pullback at $4200 and strong resistance @$ 4100. Some are calling the pullback a reversal but the bull isnt dead just yet and if it can still run theres a lot more upward movement in the next 24hrs (hello, new money monday!) Who will win? Bulls or Bears? Can't call it yet...
Note
So the Bull is alive and well. New ATH a few dollars higher than previous but profit taking is keeping the price at this level. BTC may make a run to $4300 and take one more dip to recharge before some more crazy gymnastics to the target @$4800!Note
Looks like NEW MONEY MONDAY is bringing in some institutional buying at this level but thats just a guess. If it continues BTC may very well blow through the upper trend level @ $4300 and go straight for $4400. Ranging at $4250 for now. Enjoy the new ATH =]Note
BTC just following the channel... the road to $4500 might be a slow and steady one after all
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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.