Bitcoin just crossed $80,000 for the first time since May. ๐
And this isn't a small move.
BTC has gained roughly 25% in just one week, with the rally being fueled by renewed risk appetite, a weaker dollar and a major wave of short covering.
But here's the interesting part:
๐ง๐ต๐ถ๐ ๐ฟ๐ฎ๐น๐น๐ ๐ถ๐ ๐ฐ๐ผ๐บ๐ถ๐ป๐ด ๐ฎ๐ณ๐๐ฒ๐ฟ ๐๐ง๐ ๐๐ฝ๐ฒ๐ป๐ ๐๐ฒ๐ฒ๐ธ๐ ๐๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ถ๐ป ๐๐ต๐ฒ $๐ฒ๐ฌ๐ ๐ฟ๐ฎ๐ป๐ด๐ฒ.
Now the market has a completely different question:
Can BTC hold $80K?
If $80K turns into support, the next leg could get very interesting.
If it fails to hold, traders may start taking some serious profits after this move.
๐ฅ $80K breakout or bull trap?
What's your call?
#bitcoin #BTC #crypto #BฤฐNANCE #CryptoMarket
And this isn't a small move.
BTC has gained roughly 25% in just one week, with the rally being fueled by renewed risk appetite, a weaker dollar and a major wave of short covering.
But here's the interesting part:
๐ง๐ต๐ถ๐ ๐ฟ๐ฎ๐น๐น๐ ๐ถ๐ ๐ฐ๐ผ๐บ๐ถ๐ป๐ด ๐ฎ๐ณ๐๐ฒ๐ฟ ๐๐ง๐ ๐๐ฝ๐ฒ๐ป๐ ๐๐ฒ๐ฒ๐ธ๐ ๐๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ถ๐ป ๐๐ต๐ฒ $๐ฒ๐ฌ๐ ๐ฟ๐ฎ๐ป๐ด๐ฒ.
Now the market has a completely different question:
Can BTC hold $80K?
If $80K turns into support, the next leg could get very interesting.
If it fails to hold, traders may start taking some serious profits after this move.
๐ฅ $80K breakout or bull trap?
What's your call?
#bitcoin #BTC #crypto #BฤฐNANCE #CryptoMarket