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BTC/USD: Navigating New Highs

From dailyforex.com

Bitcoin seemed a bit stagnant during the early hours on Tuesday after shooting straight up in the air on Monday. Ultimately, this is a market that remains very bullish, and I think most traders look at each pullback as a potential buying opportunity. We have had massive inflows into the ETF from Wall Street, so we'll see how this behaves, but I think, although still a bullish market, I think it's becoming a little bit more mature in the sense that we will see more stable trading in general. I think underneath the $60,000 level should be a massive support level, followed by the 50-day EMA, which is rapidly reaching ... (full story)

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  • Category: Technical Analysis