BTC possible push up here from the trendline.
Bitcoin has been holding over 10k for quite a while now. Daily support has formed around $10,525. Right now, I am seeing most crypto traders call for bearish plays here, but we are still just printing higher lows and lower highs forming a long triangle. The longer term trend is up - short term has been bearish since the retest at $11,150. After todays stimulus dump - BTC still held up. I think if we continue to hold this trendline and stay over daily support - we will push through the triangle upwards to a retest of $10,950 - $11,150.
However, if support doesn't hold here and the trend os broken, we could see a swing lower down to 10.4k - 10k.
Lets see
Bitcoin has been holding over 10k for quite a while now. Daily support has formed around $10,525. Right now, I am seeing most crypto traders call for bearish plays here, but we are still just printing higher lows and lower highs forming a long triangle. The longer term trend is up - short term has been bearish since the retest at $11,150. After todays stimulus dump - BTC still held up. I think if we continue to hold this trendline and stay over daily support - we will push through the triangle upwards to a retest of $10,950 - $11,150.
However, if support doesn't hold here and the trend os broken, we could see a swing lower down to 10.4k - 10k.
Lets see
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