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BTC Continues to Look for Final Reason to Break Higher

From dailyforex.com

Bitcoin continues to be very noisy in general, as the markets are looking at institutional inflows, but also a lot of uncertainty outside of the market. Bitcoin continues to be very noisy during the trading session on Wednesday as we have seen a push higher, but we have also seen a little bit of hesitation at an area that I think is somewhat important. The $76,000 for me is a major barrier and if we can break above there then I believe Bitcoin goes much higher over the long run but we'll just have to see how that plays out. I also recognize that Bitcoin is a market that desperately needs some type of catalyst. For ... (full story)

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  • Category: Technical Analysis