🔥 Bitcoin: What Is Next

🔥 Bitcoin: What Is Next

We’ve all experienced the crypto sell-off earlier today. A sell-off with a magnitude we haven’t seen in quite a while now: high to low of almost -18.5%!

Sell offs like these are natural in overextended markets like crypto is at the moment. A positive note is that Bitcoin has reversed from the support level that I drew in my previous Bitcoin analysis:

For now, we’re going to trade this reversal.

On the chart I’ve marked two potential areas of resistance, R1 based at the ATH and R2 based at $60k. Do your own due diligence.

Happy trading!

Published at Mon, 22 Feb 2021 21:24:28 +0000

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