$BTC - Miami to be a crypto utopia? 52K on the cards!
Good daily close above bottom range high and the wick low of the 22nd Feb - bullish
Yesterday was break from range, retested today, initially with low momentum and a deviation (wicks back into the range)
Acted as SL hunts also providing liquidity for move up
Targeting 51.5-52K initially, $51700 specifically at the 1.618 of range break which is the fib a lot of coins have been hitting and then struggling at! Also, 2.0 at $53,000
Key support for deviations from the 52K resistance will be 50880 - where a close beneath this should be a bearish indication to look out for
Should be able to again sleep comfortably knowing Asia have less reasons to short than long
In addition Dubai IBC buys 100,000 bitcoin,in aim to run Miami as the centre of blockchain with it being able to completely run on cryptos in the apparent future. Exciting stuff. Also $MCSR spent another $1 billion on BTC, and the firm Circle added BTC to their porfolio
Fundamentally still bullish with institutional interest still rising
In addition the current bit of strength is rallying a fair few alts - ADA, GRT etc. might be a couple good opportunities!
#PeterSchiffinthemud
Yesterday was break from range, retested today, initially with low momentum and a deviation (wicks back into the range)
Acted as SL hunts also providing liquidity for move up
Targeting 51.5-52K initially, $51700 specifically at the 1.618 of range break which is the fib a lot of coins have been hitting and then struggling at! Also, 2.0 at $53,000
Key support for deviations from the 52K resistance will be 50880 - where a close beneath this should be a bearish indication to look out for
Should be able to again sleep comfortably knowing Asia have less reasons to short than long
In addition Dubai IBC buys 100,000 bitcoin,in aim to run Miami as the centre of blockchain with it being able to completely run on cryptos in the apparent future. Exciting stuff. Also $MCSR spent another $1 billion on BTC, and the firm Circle added BTC to their porfolio
Fundamentally still bullish with institutional interest still rising
In addition the current bit of strength is rallying a fair few alts - ADA, GRT etc. might be a couple good opportunities!
#PeterSchiffinthemud