#BTCDAILY - 18.2.21 Welcome to the House of Fun-Damentals
#BTCDAILY - 18.2.21
Welcome to the House of Fun-Damentals
BPT Sentiment:
Small retrace to support to bounce higher
Sell Wall
55k - 200BTC
Buy Wall
$51.1k - 400 BTC
Volume: Decreasing Consolidation > Larger move coming
ALTS: Dominance Decrease + Price Decrease = ALTS Stable
Local Support: $50.5k
Next Support: $48k
Local Resistance: $52.6k
Next Resistance: $55k
Top Fundamentals:
- $50k broken and held - Bullish
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
-Coinbase, readying for public listing, gets $77B valuation from Nasdaq private market - Bullish
-Blockchain.com raises $120 million to tackle growing institutional demand for Bitcoin - Bullish
- MicroStrategy boosts latest Debt-for-Bitcoin offering to $900M - V.Bullish
-World’s largest asset manager BlackRock confirms they’re looking into Bitcoin - V.Bullish
- British private jet firm says 19% of its tickets are bought via Bitcoin - Bullish
- Crypto Reaches $1.7 Trillion As Bitcoin Eats into Gold - V.Bullish
- JP Morgan Says It Would Offer Bitcoin if Client Demand Soars - Bullish
- Mastercard and Island Pay Launch World’s First Central Bank Digital Currency-Linked Card - V.Bullish
Personal Opinion:
Breaking and holding above $50k is key to see the next serious leg up and also wave of AltSeason to be confirmed. It is looking like a small retrace to the the 51k region before hte next serious leg up.
There are so many fundamentals surrounding BTC now it is hard not to believe there will be further upside although are we running out of buyers is the question? We are moving more and more into an institutional game now. New blood is needed for BTC to push further all of the news surrounding it can do just that. I am tentative about a $55k hit although consolidation above $50k will be likely.
Welcome to the House of Fun-Damentals
BPT Sentiment:
Small retrace to support to bounce higher
Sell Wall
55k - 200BTC
Buy Wall
$51.1k - 400 BTC
Volume: Decreasing Consolidation > Larger move coming
ALTS: Dominance Decrease + Price Decrease = ALTS Stable
Local Support: $50.5k
Next Support: $48k
Local Resistance: $52.6k
Next Resistance: $55k
Top Fundamentals:
- $50k broken and held - Bullish
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
-Coinbase, readying for public listing, gets $77B valuation from Nasdaq private market - Bullish
-Blockchain.com raises $120 million to tackle growing institutional demand for Bitcoin - Bullish
- MicroStrategy boosts latest Debt-for-Bitcoin offering to $900M - V.Bullish
-World’s largest asset manager BlackRock confirms they’re looking into Bitcoin - V.Bullish
- British private jet firm says 19% of its tickets are bought via Bitcoin - Bullish
- Crypto Reaches $1.7 Trillion As Bitcoin Eats into Gold - V.Bullish
- JP Morgan Says It Would Offer Bitcoin if Client Demand Soars - Bullish
- Mastercard and Island Pay Launch World’s First Central Bank Digital Currency-Linked Card - V.Bullish
Personal Opinion:
Breaking and holding above $50k is key to see the next serious leg up and also wave of AltSeason to be confirmed. It is looking like a small retrace to the the 51k region before hte next serious leg up.
There are so many fundamentals surrounding BTC now it is hard not to believe there will be further upside although are we running out of buyers is the question? We are moving more and more into an institutional game now. New blood is needed for BTC to push further all of the news surrounding it can do just that. I am tentative about a $55k hit although consolidation above $50k will be likely.
