Given the run that the market has had over the last weeks or so, it's been interesting to see how some of the largest / highest flying tech names have acted individually. One of the ones that has caught my attention - for the great reasons - has been BTC, and its shocking level of underperformance to the market as a whole. To me.
After resting at this point there will be a breakout in the nearest term, this will determine strong trend on the undergoing features in the daily activities which will resolve to the next consolidation for a BULL RUN.
Just a quick explainer for people who are getting smoked and don't know why.
BTCUSD Price broken resistance of (49000.000). I think that price can retest this level and pull back. We will have good chance to open long position as soon as BTCUSD will start growing. Next resistance (55000.300) can be our target