Bears weak,BTC in bullish channel + bullish news - will it hold?
Hi guys,
BTC was able to form a bullish channel - it seems the price increased and bears wear kinda weak, no the usual pump and dump that we saw many times before. I would have expected in the last days that we see more price drops, like we saw earlier.
Also bullish news (companies e.g. Square buying crypto now, the defi hype on ETH, concepts how to make a digital euro).
Next questions:
* Will the recent price increase hold or will people start selling BTC faster than you can say the words stop loss?
* Where are the bears, maybe they are hiding in the trees somewhere just waiting to attack the bulls?
BTC was able to form a bullish channel - it seems the price increased and bears wear kinda weak, no the usual pump and dump that we saw many times before. I would have expected in the last days that we see more price drops, like we saw earlier.
Also bullish news (companies e.g. Square buying crypto now, the defi hype on ETH, concepts how to make a digital euro).
Next questions:
* Will the recent price increase hold or will people start selling BTC faster than you can say the words stop loss?
* Where are the bears, maybe they are hiding in the trees somewhere just waiting to attack the bulls?
Comment:
Please let me know your thoughts using the comment section below - will the bulls stay in control or do you think sellers jump in?