BitcoinLong
Is a large move coming for BTC?
Bitcoin look ready to begin trending. It may not be long before a breakout past 9450 happens. This is a huge resistance level, the one that supported BTC throughout the entire summer - it's no surprise that this is going to be tough to break. I am almost purely a structure-based trader, but this divergence is interesting to me. I'm curious how this will play out.
Demand has definitely increased, many people are starting to become bullish, and the chart looks great. I won't deny it's entirely possible we go all the way back down to previous resistance levels, but the bullish narrative seems significantly more likely at this time.
Demand has definitely increased, many people are starting to become bullish, and the chart looks great. I won't deny it's entirely possible we go all the way back down to previous resistance levels, but the bullish narrative seems significantly more likely at this time.
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