Bitcoin (Update)
Updated
Bitcoin is still trading on the support line. After the breakout, BTC is now testing the support line before the next leg up. BTC needs to make an upward move soon; otherwise, we will see a test of $58,000 - $59,000. The resistance remains the same of $63,800 - $65,000. We will see high volatility next week.
❌Bitcoin hash rate is increasing and nearing the May 2021 levels that were before the china ban. Miners shifted their devices to other countries. This is a good sign as the network is more distributed now.
❌Bitcoin hash rate is increasing and nearing the May 2021 levels that were before the china ban. Miners shifted their devices to other countries. This is a good sign as the network is more distributed now.
Trade closed: target reached
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