The BTC/USD pair grows supported by two key fundamental factors: the potential integration of the Twitter coin as a means of payment for Tip Jar and the official launch of BTC as legal tender in El Salvador on September 7. The wider distribution of cryptocurrencies in the world and the stabilization and development of the main competitor to "digital gold" – ETH coins – contribute to the adoption of digital assets by an increasing number of investors.
Due to the positive news, BTC now trading around 52K where the price may stop while large buyers are closing profitable positions. To renew new highs, traders are likely to need new liquidity, the search for which a correction will help. It's recommended to to open new long positions on the correction around 45-42K
Due to the positive news, BTC now trading around 52K where the price may stop while large buyers are closing profitable positions. To renew new highs, traders are likely to need new liquidity, the search for which a correction will help. It's recommended to to open new long positions on the correction around 45-42K
Trade closed: target reached
