Bitcoin just broke a solid level of resistance at 50k, stopping me out of my short for half risk (I'd moved my SL down).
Now there's not much in the way of resistance to 60k. There's one 4H EQ that may provide some selling pressure, but big moves need big reasons to reject and I'd be suprised if that level held in the face of the current bullrun.
I think a retest of the 50K level to confirm as support makes sense, followed by a push to 60k.
Now there's not much in the way of resistance to 60k. There's one 4H EQ that may provide some selling pressure, but big moves need big reasons to reject and I'd be suprised if that level held in the face of the current bullrun.
I think a retest of the 50K level to confirm as support makes sense, followed by a push to 60k.