BitcoinLong
Bitcoin likely headed higher
Bitcoin and other cryptos remain supported.
BTC formed an inverted doji/shooting star candle off resistance around $24,600 on Thursday, which looked rather bearish. However, we have not seen any significant downside follow-through, suggesting Thursday's price action was driven by profit-taking than intense short-selling.
Thus, I think BTC will go on to take out liquidity resting above that doji candle from Thursday en route to
25K, possibly reaching the next resistance at $25400.
By Fawad Razaqzada on behalf of FOREX.com
BTC formed an inverted doji/shooting star candle off resistance around $24,600 on Thursday, which looked rather bearish. However, we have not seen any significant downside follow-through, suggesting Thursday's price action was driven by profit-taking than intense short-selling.
Thus, I think BTC will go on to take out liquidity resting above that doji candle from Thursday en route to
25K, possibly reaching the next resistance at $25400.By Fawad Razaqzada on behalf of FOREX.com
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