Regardless of the Easter festivities, the bulls and bears continue to go at each other. While it looked like the bulls are going to easily crush the resistance line at $61699 and push for new all-time highs, the bears work hard for a comeback to pull the price under $50350. Our primary expectation is that the bulls win the battle and reach new all-time highs. However, we do not count the bears out, giving them a 40% chance to start a longer correction below $46417.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.