TraderFromTheNorth

Bitcoin [BTC] - Key Support Area holding STRONG [1/10/22]

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin is at a KEY area at a KEY LEVEL. This 41,000 area was a previous Resistance turned Support. This also coincides with the Trend Line on the bottom if we follow the lows. Bitcoin held here strong all weekend and also throughout today. If it can continue to hold, we are likely to turn back around here and head up. If it breaks below this point... hit depends how it breaks. If it's just a quick dip and back up, that's no issue. If it breaks down and continues down, then conditions may be changing for Bitcoin and I'll have to re-assess the whole picture. As of now, we are still BULLISH and still trending up in the grand scheme of things. CPI numbers come out this week for the stock market and if it does something drastic to the stock market, that may affect the crypto market as well. This week's activity will be very telling of what's likely to come in the near future for Bitcoin.

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