BTC had a massive push over the last week. As a long term holder its somthing I love to see.
I do believe it has alot to do with DXY tanking with the comming election and stimulus talks but in saying that when BTC goes on a run alot of FOMO kicks in and momentium is powerful. Just look at 2017.
13k seems to be holding so if we see a rejection here I can see another retest of 11600 region. If we break the 13k level I can see a nice run to the 14k region as the top of the montly range.
I do believe it has alot to do with DXY tanking with the comming election and stimulus talks but in saying that when BTC goes on a run alot of FOMO kicks in and momentium is powerful. Just look at 2017.
13k seems to be holding so if we see a rejection here I can see another retest of 11600 region. If we break the 13k level I can see a nice run to the 14k region as the top of the montly range.
Comment:
If we see a fail at this level we could get a nice drop back to the trandline and monthly demand range.