Another Elvis classic that the bulls are playing! The outlook remains bullish as long as we stay above the $17629 level. This level is very important to uphold the bullish expectation as depicted in the chart. For a solid confirmation of a breakout, prices should break above the resistance at $19891. The bullish action would indicate another run towards the $25k area. There is no space for any weakness. In case prices slump below $17629, there might be a bigger corrective movement on the way. The primary expectation remains a breakout to new all-time highs. Stops for long positions should be placed below $17692/$16300.
Stay safe and happy trading!
Stay safe and happy trading!
