AnsonA4

BTC day chart analysis.

Long
COINBASE:BTCUSD   Bitcoin
BTC is in a healthy correction after reaching a new ATH. I see it possibly testing the 50.8K trend line (blue) before bouncing off and retesting the ATH (red). If it can break above, I think 63-64K is very realistic with 70K becoming more and more viable. Fundamentals are very strong right now with the institutional adoption that is happening. Stimulus checks are still incoming. After reaching new ATHs, BTC has seen much stronger support at key levels than during previous bull runs. This one is not over yet and we will certainly see a test of the previous high. Personally, I believe more ATHs are still to come. Happy trading!

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