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Bitcoin (BTC) Bulls Regain Control as 100k and 110k Come Into View

From forex.com

Bitcoin is regaining bullish traction after bears failed to force a breakdown below the 80k region. Momentum indicators and futures positioning suggest the balance of risks is tilting higher in the near term, although broader risk sentiment — particularly around US tech earnings — could still test bullish resolve. Momentum is curling higher after bears failed to push Bitcoin futures below 80k following a multi-week consolidation. Given Bitcoin’s tendency to sustain moves as late buyers rejoin the market, the odds favour continued upside over the near term. That said, the sell-off from October’s high may not be fully ... (full story)

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  • Category: Technical Analysis