🔥 Bitcoin Moment Of Truth

A couple of days ago, I made an analysis on Bitcoin. Here I argued that it was likely that BTC were to see further downside towards the descending trend line.

And indeed, the ~51.8k resistance held and caused a strong reversal today. At the moment, we're re-testing the trend line. It would be incredibly bullish if this trend line were to hold and confirmed as support. In that case, 51.8k will be the first target.

Stock markets appear to be quite bullish after the SP500 made a new all-time high yesterday. Path of the least resistance would be up.

Happy trading!