BTCUPDATE - 25.5.21
Looking like pretty standard consolidation post break up of a key resistance.
The support to watch is the $37.9k - losing that will likely push it down to $35.9k region - not necessarily bearish but people are still a little panicky.
There is a huge amount of USDT at the moment - it just surpassed a $60b market cap currently at Crypto's 3rd in scale of MC - this means there is ALOTTA money to be buying with!
I would expect a breakup here with a pretty conservative push to $41.8k
Looking like pretty standard consolidation post break up of a key resistance.
The support to watch is the $37.9k - losing that will likely push it down to $35.9k region - not necessarily bearish but people are still a little panicky.
There is a huge amount of USDT at the moment - it just surpassed a $60b market cap currently at Crypto's 3rd in scale of MC - this means there is ALOTTA money to be buying with!
I would expect a breakup here with a pretty conservative push to $41.8k
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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.