The Bitcoin trend remains on a firm uptrend; we are creating new higher highs and new higher lows. The old resistance has now turned into new support, and it continues to look very bullish as long as the price doesn't break the old resistance level.
NFA
https://i.redd.it/g7rdr3rcmjwg1.png
Posted by UniChartz
5 Comments
I think focusing on the decentralized and finite nature of the asset is the best way to explain why its scarcity makes it such a valuable long term hold regardless of current market volatility
Send it.
I agree that the transition from resistance to support is very clear in the daily/weekly chart. The price is now consolidating above $75K and the breakout is confirmed by volume, with the path to new highs of $79K to $85Kremaining solid from a technical perspective. The bullish structure is intact
80s for sure. The amt of retail shorts is insane. Expect anywhere between 80-90k at least
Looks so