Bitcoin is building a nice accumulation around the $44,000 price and is looking to break this resistance point for another move on the upside.
We could see it reach for the $50K price point.
If we fail to break the current resistance price, we will see a drop to the $38K support level.
Long term super bullish for Bitcoin, although I believe we are due for a short correction to cool off the gains ending 2023. Cheers!
We could see it reach for the $50K price point.
If we fail to break the current resistance price, we will see a drop to the $38K support level.
Long term super bullish for Bitcoin, although I believe we are due for a short correction to cool off the gains ending 2023. Cheers!
Trade closed manually:
Was not able to reach the target of $50K but we did close the trade at $48K. The Bitcoin ETF news was another case of buy the rumor, sell the news. We have now broken the support level of $44K and looks like we will be heading to $38K based on the major price levels.