Bitcoin (BTC): A Good Chance of Liftoff

Looking at Bitcoin (BTC) futures, we see some positive signs. The best one is a Fib speed line has been acting as support for several days. To us, this means that Bitcoin (BTC0 is finding support from large buyers. We get the sense that big players who own Bitcoin (BTC) are not going to sell, especially since the China statement was so bullish for crypto as a whole.

We also like that bigger coins like Ethereum and Litecoin (LTC) are ripping to the upside.

Bottom Line: We think the "underbelly" of the crypto market below Bitcoin (BTC) has a lot of upside. That could help push Bitcoin (BTC) higher sooner rather than later.