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Bitcoin: What’s Next After Hitting Our Target?
Bitcoin played out perfectly over the weekend, hitting my $27,800 target I wrote about on Friday. Given the recent range highs, there was a large cluster of short liquidations there. A rally toward this area became more likely following Friday’s reclaim of the $26,500 area, which I also wrote about several times last week. So where to from here now that BTC hit our target? Given today’s US holiday, we can expect a ranging market between $27,500 and $28,250. I’m not surprised to see BTC pulling back today, considering the aggressiveness of the weekend rally. The pullback will remain constructive as long as ... (full story)
