Simple technical and price action analysis.
While the rest of the markets have reacted aggressively to Friday's NFP reports, Bitcoin is still on its way, neutral from it.
As long as the price is above 23.500USD, Bitcoin will remain in a bullish direction.
Between 23.500USD and 22.000USD, it is a neutral zone.
If the price goes under 22.000USD, then we can say that a change in BTC direction is happening. Probably pushing BTC to under 20k again.
Don't Stumble Trading. Trade Safe!
While the rest of the markets have reacted aggressively to Friday's NFP reports, Bitcoin is still on its way, neutral from it.
As long as the price is above 23.500USD, Bitcoin will remain in a bullish direction.
Between 23.500USD and 22.000USD, it is a neutral zone.
If the price goes under 22.000USD, then we can say that a change in BTC direction is happening. Probably pushing BTC to under 20k again.
Don't Stumble Trading. Trade Safe!