Path to All-Time Highs for BTC
BTC/USD COINBASE:BTCUSD
Over the weekend, there was accelerated buying in Bitcoin , and it broke through the $45,500 resistance. This week, we watch the $50,000 level as the next physiological level of resistance. We are mainly watching to see if bitcoin can hold up at these current levels.
I am looking for a pullback into the $42,000 – $45,000 support zone to buy. If i see strong selling pressure and prices holding below $39,000 I will stop out of the trade.
First target: 51,000
Risk Reward: 2:1
Second target 59,500
Risk Reward: 4:1
