BTC has broken out of it's current trading channel and printed a few confirmation candles.
Look for another move up. How much? We don't know. That's the thing about price discovery that makes it so exciting. BTC has never been here before and we don't know how it's going to react. We have to look at factors outside the charts.
So what do we have in the news?
Stability and stimulus out of the US should help the move up for Bitcoin .
Institutional investors are still coming in and going strong.
Google searches for BTC and Ethereum are now starting to kick in.
All in all a lot of bullish signs.
Look for a touch back down to the green line and then a rise up along the blue arrow to $44k where the next fibonacci level is located.
Look for another move up. How much? We don't know. That's the thing about price discovery that makes it so exciting. BTC has never been here before and we don't know how it's going to react. We have to look at factors outside the charts.
So what do we have in the news?
Stability and stimulus out of the US should help the move up for Bitcoin .
Institutional investors are still coming in and going strong.
Google searches for BTC and Ethereum are now starting to kick in.
All in all a lot of bullish signs.
Look for a touch back down to the green line and then a rise up along the blue arrow to $44k where the next fibonacci level is located.