Update on BTC
I believe 8k may have been the psychological barrier we needed, let's hope BTC continues it's bullish trend now.
If BTC retests the 13k resistance zone i believe we could possibly see a recovery start to take place here, please note that any negative or positive news will affect BTC pricing dramatically, it's always good to take note at what the media is pushing out as they will always determine what way BTC will move.
In conclusion. it seems like the bulls were eventually tired out by the bears, Be vigilant at our current levels as we try to make a reversal for an uptrend, so look for a series of higher highs and higher lows.
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Please take note that this is not financial advice, TA is only a guideline we use on previous trends and due to the massive volatility of the Crypto world, any news can ultimately throw our analysis straight out the window.
As always please DYOR!
I believe 8k may have been the psychological barrier we needed, let's hope BTC continues it's bullish trend now.
If BTC retests the 13k resistance zone i believe we could possibly see a recovery start to take place here, please note that any negative or positive news will affect BTC pricing dramatically, it's always good to take note at what the media is pushing out as they will always determine what way BTC will move.
In conclusion. it seems like the bulls were eventually tired out by the bears, Be vigilant at our current levels as we try to make a reversal for an uptrend, so look for a series of higher highs and higher lows.
-----
Please take note that this is not financial advice, TA is only a guideline we use on previous trends and due to the massive volatility of the Crypto world, any news can ultimately throw our analysis straight out the window.
As always please DYOR!