Kryptochristian

#BTCUPDATE - 26.7.21 DAYUM AMAZON

BINANCE:BTCUSDT   Bitcoin / TetherUS


What a pump - this is exactly what we needed after this long bearish consolidation.

We are still operating in the longer time frame range of $30k - $40k and would not be considered a bullish market until trading above $40k imo - although this is a good foothold towards it.

We have met our first key resistance at the 200 DEMA - breaking this could send it to $40k quite quickly.

I personally feel that with the sentiment of the market, news and current volume coming in that $40k will be crushed and the $41.3k is going to be the real wall to break.

My play on BTC is expecting a little retrace to $38k/$37.5k and then bounce to test $40k.
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