Hello everyone.
BTC started pumping yesterday when Elon Musk updated his bio on Twitter to BITCOIN.
He literally changed the short term bearish sentiment around Bitcoin.
What is the next move for BTCUSDT?
The previous resistant line has been ripped off and it is now retesting this line which is now acting as a temporary support for further upward movement.
A successful retest of this line will send Bitcoin back to $37-38k region.
If the bears take over and the line doesn't hold, BTC will have to revisit the descending support line as shown in the above picture.
Trade safe!
SixtusGlobal 📈
BTC started pumping yesterday when Elon Musk updated his bio on Twitter to BITCOIN.
He literally changed the short term bearish sentiment around Bitcoin.
What is the next move for BTCUSDT?
The previous resistant line has been ripped off and it is now retesting this line which is now acting as a temporary support for further upward movement.
A successful retest of this line will send Bitcoin back to $37-38k region.
If the bears take over and the line doesn't hold, BTC will have to revisit the descending support line as shown in the above picture.
Trade safe!
SixtusGlobal 📈