Bitcoin - Overview - Break OR Bounce!

5 May 2021

Bitcoin has been in a steady uptrend and providing us with clear impulse and correction. Naturally after an ascending correction, we expect a reversal (short term or long term depending on the market structure). As we have had an ascending correction, we are waiting for price to create a base where there's clear buying pressure.

The ideal place to look for buys would be the 42K and the 50K as they both hold alot of weight due to historic price action.

Keep a close eye on 56K to see how price reacts.

Goodluck and trade safe!

5 May 2021

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