Before I start to talk about BTC I would be grateful if you could like, follow and comment your thoughts on the idea, tips or any other information.
BTC broke the resistance of the descending triangle and for now the coin is showing strenght on the 48K level. We don't know if this is a bull trap but for now the bullish bias remains since many other altcoin were in the same situation. After a period were market was going sideways we saw today the a brokeup of the resistance, and we have now a 50K target.
SPX is up today, and in the past days we observed that this indicator had a clear influence in the crypto market. We probably won't see a new ATH for the coin this year, but I remain positive that the bull market isn't over yet. Comment what you think.
BTC broke the resistance of the descending triangle and for now the coin is showing strenght on the 48K level. We don't know if this is a bull trap but for now the bullish bias remains since many other altcoin were in the same situation. After a period were market was going sideways we saw today the a brokeup of the resistance, and we have now a 50K target.
SPX is up today, and in the past days we observed that this indicator had a clear influence in the crypto market. We probably won't see a new ATH for the coin this year, but I remain positive that the bull market isn't over yet. Comment what you think.
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Disclaimer
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.