Top Fundamentals: - Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish - Crypto Reaches $1.7 Trillion As Bitcoin Eats into Gold - V. Bullish - Stimulus expected top up no later than 14th March - Extremely Bullish - BTC Breaks 1 Trillion Market Cap - Bullish - USDT Settlement - Bullish - End of Month Volatility Over - Bullish - Google Finance lists Crypto - Bullish - Could be Currency of Choice for international trade for CitiBank - Bullish - CBOE files to list VanEck's bitcoin ETF - Bullish - Goldman-Sachs reopening BTC Desk Mid - March - Stimulus - Microstrategy buy 100m BTC - Bullish
Personal Opinion: Short-Term Looking at a potential Head and Shoulders pattern forming - driving a small break up to 50k which is always a difficult resistance to break through. A rejection here could push it all the way down to 43k. A breakthrough will see another test of 52K - there seems to be slightly more of a bearish sentiment surrounding BTC recently so I expect we may see a sharp drop again before the Stimulus comes into play.
Long Term (Unchanged) - A target of 75k is on the cards coming in just after 14th March - please note that this line is not reflective of its movement in time or accurate path, just that I think that it will hit these lows and highs in this order
The big question is: can we get past 58k? That will be interesting