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Kryptochristian
Jun 9, 2021 12:46 PM

#BTCUPDATE - 9.6.21 

Bitcoin / TetherUSBinance

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#BTCUPDATE - 9.6.21

A strong bounce from 31K came in - very encouraging to see an perfectly timed with the announcement of El Savador hopefully causing a BTC adoption domino effect. There has been continued good news for BTC which is helping hugely.

We are at a pretty key resistance now of 35.5k just as the US is coming online so hopefully FOMO kicks in enough to help it break through.

An argument for an inverse H/S is on meaning a target of 36.8k is quite achievable.

Be warned that this could be a bull trap as there is still a bearish look on the 1 day short term with sitting in a downward channel.

Right now below 31K is very bearish and above 39.5k is bullish.
Comments
k0ph
Thanks for the detailled insight as usual. Appreciate!
BurakB_
Amazing work.
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