Here you can see we are in the pretty much exact same support level of Nov 2017 when the previous bull market took us up to 900BN.
As per our previous BTC analysis we had semi predicted the rise back above $6500 along with our SAN analysis showing a 7% spike and pointing out a key support line accross the market.
With a 4% drop in tether pushing money back into crypto coin values we could expect further of this price action as other alternative stable coins such as true and paxos with fully transparent operating systems begin to be introduced by payment processing firms such as Bitpay.
With all that being said the ever pending ETF decisons in 11 days time will no doubt have an effect on the market.
I am now preparing for my next options trade now.
My telegram channel is @Cryptocopyfunds for signals and updates.
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.