DEPSCapital

Crawling Towards $5,800 Region

Long
BITSTAMP:BTCUSD   Bitcoin
Although BTC prices have been struggling with breaking through the $5,500 price point, BTC continues to crawl higher with forming clear higher high (HH) higher low (HL) structures. Given the continued bullish fundamentals (such as the launch of $GBTC on major platform like TDAmeritrade, E-Trade, Interactive Brokers, Vanguard, Fidelity, etc.), we can expect to see further bullish momentum, and the first stop is likely to be at $5,800.

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