BTC/USD - Change of plans, we are bullish...

2021年3月29日

If yesterday BTC was looking like it wanted to re-test our support at 50k, this morning VISA announced that it will accept USDC transactions as payment. The company plans to expand the service to other partners in the future. The news sent the price of bitcoin soaring.

See here for more:
coindesk.com/visa-uses-anchorage-to-settle-usdc-transaction-on-ethereum-in-further-crypto-push

We asked not long ago when Visa will take a bite at crypto, now it is here and this news turned the whole market bullish, but can it last?

The BTC chart shows that we broke a key resistance this morning with a beautiful 4% green candle. This is very bullish so long we have continuation and ideally, we will have to pass the next resistance at 60k to get sufficient confidence we can reach new highs.

On daily the indicators are turning bullish, so the longer price stays in this area, the more bullish we become. Since we broke the descending resistance I am bullish biased. This would change if we break this diagonal support.

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