Key takeaways for today’s bitcoin traders (and some of you longer term bitcoin buyers wondering if bitcoin is a buy) Bitcoin has improved from bullish repair into a real breakout test.
Key takeaways for today’s bitcoin traders (and some of you longer term bitcoin buyers wondering if bitcoin is a buy) Bitcoin has improved from bullish repair into a real breakout test. The most important immediate pivot is now $78,250.
A stronger bullish case opens if BTC can close and hold above $78,250, and ideally above $78,545. A failed push back below $77,750 would bring fade risk back into view. Below $76,750, the short-term structure weakens more clearly.
We had the levels that I wrote above yesterday when asking if bitcoin is a buy or sell . Well, Bitcoin bulls were good yesterday and still looking constructive today, and the technical picture has improved versus yesterday’s article and map. In that earlier read, the main idea was that Bitcoin had repaired well but was still dealing with real congestion overhead.