Best Bitcoin Trading Ideas

27 Nis 2021

Bitcoin has caught some momentum since yesterday. We are still not convinced it is back to 'bull mode', however. We are currently at around 54.3K, which is going to provide resistance, as we wrote yesterday. There are a few levels above, but 57.7K seems like a reasonable target if momentum continues. For now, 48.2K seems to be the lower bound. We have tested this level twice forming a double bottom. If we test it yet again, however, this could be a bad sign, as the longer BTC gets comfortable with this level, the likelier it is to break it.