BTC pumped 5% today. Not bad for a $1 trillion dollar asset.
However, the resistance at $45k is not far now and that will likely pose a challenge as last time BTC was pushed back.
The indicators are also bullish, but volume was not as impressive today as ETH (see below my idea for that).
Hopefully, BTC can pick up some volume as price approaches the key resistance. That could bring enough momentum to break it.
Even if BTC is rejected by bears there, the support at $40k has held pretty well, with buyers buying early. This is a bullish sign.
Bias is bullish right now, but best to be cautious as the price will soon be under the key resistance.
Like and follow if you liked my idea!
However, the resistance at $45k is not far now and that will likely pose a challenge as last time BTC was pushed back.
The indicators are also bullish, but volume was not as impressive today as ETH (see below my idea for that).
Hopefully, BTC can pick up some volume as price approaches the key resistance. That could bring enough momentum to break it.
Even if BTC is rejected by bears there, the support at $40k has held pretty well, with buyers buying early. This is a bullish sign.
Bias is bullish right now, but best to be cautious as the price will soon be under the key resistance.
Like and follow if you liked my idea!
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🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
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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.
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
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.