Bitcoin had a day close above the $38k level for the first time since January 14th after rejecting it a few times. After a strong pullback from $42k to $30k, it seemed to have gain some strength, especially since ETH and many other alt-coins have had strong rallies. Is it the time for Bitcoin to have its second rally since it crushed its 2017 all-time-high? Or is it gonna go sideways?
The next key level after clearing 42K would be the 2.618 Fib level relative to the 2017 ATH. If there is stability above $38,000 for the next few days, I think we could se a good upside momentum for next week, not only for BTC, but the crypto market in general.
What do you think? Too optimistic?
The next key level after clearing 42K would be the 2.618 Fib level relative to the 2017 ATH. If there is stability above $38,000 for the next few days, I think we could se a good upside momentum for next week, not only for BTC, but the crypto market in general.
What do you think? Too optimistic?