Is Bitcoin ready to breakout now❓ MyCryptoParadise

COINBASE:BTCUSD   Bitcoin / U.S. Dollar

Ready to breakout now❓

- Yello ladies and gents🍸😎💰

💎As we correctly anticipated in the last free update, we are now seeing a bullish continuation back to our $59,999 mid-term resistance.

💎Bitcoin has started the week on a positive footing, following news that VISA is about to allow crypto payments.

💎Speaking about positivity, sentiment data shows that the Twitter crowd are the most bearish towards BTC since late-January. Negative sentiment towards BTC on Reddit is also at a two-month high today. We believe that while sentiment remains this low, then BTC has the potential to still push higher in the mid-term as shown in the chart bellow.

💎At the moment, Bitcoin is stuck at the supply zone (around $59,999) and demand zone ($50-51k). For now, we could see price trade in-between until we get a break in either direction followed by a confirmation (closing candle above/bellow). The sideways movement will be additionally great for strong altcoins.

💎As you know, trading based on your emotions is no good; always wait for a proper confirmation before entering any position. That will highly increase your probability and makes you a better trader. Don't be a crypto noob😂 Trade like a PRO.

💎Markets have interesting moves today, metals down equities down DXY up, but BTC seemingly unaffected. Visa announcements are indeed carrying up here. Not a strong bias; perps still leading. The legacy market is terrified about the rising yields, usually affecting crypto, so let's see if Visa can hold it up in the short-term.

💎Mind that ETH is looking better than BTC up here, the spot bid is stronger. This confirms our rotation bias🔄

💎Remember that Many USA households now have an extra buffer of income to spend due to new stimulus checks and decreased spending during lockdowns. Will they invest this into markets or pay off debt? Bitcoin's April performance will depend on it.
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