We are trading right in the middle of the expected range with a little advantage for the bulls, because the reject of 22k happened last and we moved over 1k usd away from that support.
We can go to 30k before we see a real correction ( back to 25k for example ) Its looking great for BTC, people are not interested in selling their BTC to cheap.
BTC failed a little in trying to go past 24k today, but it seems that there will be more attempts.
BTC is relaxing between 22.5k and 24k. We can expect to sideways for a few days and than we can expect more upside.
The DXY is falling through critical support levels! This could ignite more strong pumps for BTC on the short term. We can expect that the 22k support will hold for the coming days and the 24k resistance can fall easily if the dxy keeps falling.
We can see that we a have a soft top at 24k for now, the main support can be found at 20k. We can expect some sideways within the range of 22k and 24k for the coming days.
The breaking of the ATH for BTC is the best moment for EOS to reverse this massive beartrend. We can see an EOS bullmarket starting now. First we will move to ATH and after at least 4 x beyond that.
Bitcoin just made a historic pump. We can see a small correction but the trend is up. Its likely that 20k will now turn into the main support, we can fall under it once, but it wont be long if that's the case.
Until we see a strong rejection it isn't clear where the resistance will start forming. It's also not clear where the dxy will bottom, there seems to be some correlation.
The first upcoming target would be 22k, we can see some resistance on the road, I believe we will climb higher in the short term and in the long term. A full ATH breakout is often followed by a lot of fomo and wild price discovery.
We can see that EOS is breaking out of its negative pattern. If we close above 3 dollar its good, but to completely cancel the macro downtrend we would need to break 4 USD. We can expect EOS to test 3.30 in the short term.
We are not on the moon yet, but we have broken through the most important ceiling in cryptocurrency history. We always have to be careful, we could in theory fall back to 19k or move on to 22k, things could become unstable here, but either way the trend is clearly up.
What a day! I guess I should congratulate all the bulls with the foresight to long all this from april. Coming target is 22k, we are in full price discovery mode now! The sky's the limit.
I keep trying to explain to people that the USD is really ready for hyperinflation. It has been like this for a decade, but because other currencies like the euro were free falling together with the dollar, you didn't really notice what was going on. Now the dollar is picking up speed and is getting ready to dump at warp speed and is taking distance from the other...
XRP was obviously pumped to far up, it's not a real cryptocurrency and it's a very specialized project. In my opinion XRP does not deserve its market cap in relation to coins like XTZ, EOS, TRX and a lot more. Now you can tell that every time XRP dumps, the money flows into BTC, lets hope its enough to breach 20k. Also if the DXY is going to caress 90 we will also...
We are scraping ATH again, it wont be long before the low lev bears capitulate or get liquidated. As soon as we start chopping into the resistance at 19800 I'm pretty sure it will fail and it will open the way to 22k.
We can see massive support forming under 19k, it seems the whales are not going to let BTC fail this time. The resistance has been hammered badly and is ready to fall within days.
We broke out of the triangle and we didn't get a real reject, we can certainly go for 21k + soon.