Starting to become more confident that 40K will be the floor here with upside to 54K in the next 2-3 months.
Fundamentals- I believe defi on BTC will be the next catalyst.. Very small right now, STX is leading the way. A great article i came across today
hiro.so/blog/bitcoin-defi-is-here-a-deep-dive-into-trust-less-swaps
Chart wise risk to reward seems to favor the bulls at this point.. upside to 54K vs 40K downside.. If btc breaks though 46K things become a lot more bullish.
Fundamentals- I believe defi on BTC will be the next catalyst.. Very small right now, STX is leading the way. A great article i came across today
hiro.so/blog/bitcoin-defi-is-here-a-deep-dive-into-trust-less-swaps
Chart wise risk to reward seems to favor the bulls at this point.. upside to 54K vs 40K downside.. If btc breaks though 46K things become a lot more bullish.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.