BTC broke through its 12k resistance with ease with its transfer in market dominance shift from 56% to 61%
our support at 10-11.2k are now a wall for the bears to pass through
our macd is indicating a nice positive divergence
our rsi is oversold as expected
I expect some pull back but with a stabilization of even 12.2k the rsi will return under this level and with a secondary stimulus package around the corner its looking pretty positive for the crypto market.
as for price action at this stage a break in the 13k resistance wouldn't necessarily mean an excessive pump in btc but i think more consistent smaller pumps would be more inclined.
alts looking primed at this stage for excessive gains
its bull season baby good luck with free money
our support at 10-11.2k are now a wall for the bears to pass through
our macd is indicating a nice positive divergence
our rsi is oversold as expected
I expect some pull back but with a stabilization of even 12.2k the rsi will return under this level and with a secondary stimulus package around the corner its looking pretty positive for the crypto market.
as for price action at this stage a break in the 13k resistance wouldn't necessarily mean an excessive pump in btc but i think more consistent smaller pumps would be more inclined.
alts looking primed at this stage for excessive gains
its bull season baby good luck with free money
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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.