BTC/USD - One last hurdle before $100k! 🤣

Today Bitcoin broke a key resistance level at $55k. This was very important if we are to maintain our bullish bias. This latest daily candle is looking pretty sexy and in combination with the BTC Dominance chart (linked below) there are reasons to believe the King is waking up.

The next important resistance is $58k. We really have to pass this level if we are to believe BTC can set a new ATH and aim for $100k.

The indicators on daily and most timeframes are on our side. On daily we're looking as bullish as one can hope to be with a raising MACD + RSI. A bullish cross on MACD would settle this and we should set a new ATH after we break $58k. Thus my bias is bullish.

I would turn bearish on the short/medium term only if we are rejected at $58k and we start pushing down, but this seems very unlikely. Even if that happens we have strong support at $41k and as long as that will hold, we're good to continue up later on. Such a move would only delay our push higher. Only the weekly indicators look bearish, but they can turn back up... time will tell.

Like and follow if you liked this idea! Also join my crypto community to stay in touch!