Bullish on Bitcoin
Updated
Bitcoin was in a downtrend since early June, and has managed to break the downtrend on 7/21.
Since then Bitcoin has had consectuive green days.
We have also painted a higher high from $9475 (7/8) to $9690 (7/23).
The next battle is $9700, but with the momentum it feels like the bulls will take it.
The real test will be once we reach the sell zone above $10,000… but with the recent news about PayPal adoption and US banks storing crypto for customers, maybe the bulls can blast right thru.
Since then Bitcoin has had consectuive green days.
We have also painted a higher high from $9475 (7/8) to $9690 (7/23).
The next battle is $9700, but with the momentum it feels like the bulls will take it.
The real test will be once we reach the sell zone above $10,000… but with the recent news about PayPal adoption and US banks storing crypto for customers, maybe the bulls can blast right thru.
Trade closed: target reached
We blasted right through 10k onto 11k!
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