For some time now, Tuesdays have been terrible for prices.
Although we made another push toward the $86.6K region today on #BTC , buyers were quickly overpowered by sellers, who gained strength shortly after explosions were heard on Iran’s Qeshm Island.
Neither side provided details or confirmed the cause of the explosions. This has left the market in a terrible mood, and the questions surrounding what happened end up favoring sellers.
In any case, prices are forming an accumulation channel that looks very good. This is exactly what we need to see for a major move upward. Without considerable accumulation, a sustained rise above $89K is unlikely.
The Bitcoin chart looks really good, and as long as most sellers keep betting on a drop, we’re likely to seek liquidity above current prices.
Of course, we know that Trump threatened Iran again today, and so on. But as long as Trump keeps talking and doesn’t do anything else foolish, we should reach $89K soon.
Bitcoin’s next move upward will be accompanied by a major rally in altcoins.
If you’re on the sidelines, look for good buy setups and enter on the pullback.
Although we made another push toward the $86.6K region today on #BTC , buyers were quickly overpowered by sellers, who gained strength shortly after explosions were heard on Iran’s Qeshm Island.
Neither side provided details or confirmed the cause of the explosions. This has left the market in a terrible mood, and the questions surrounding what happened end up favoring sellers.
In any case, prices are forming an accumulation channel that looks very good. This is exactly what we need to see for a major move upward. Without considerable accumulation, a sustained rise above $89K is unlikely.
The Bitcoin chart looks really good, and as long as most sellers keep betting on a drop, we’re likely to seek liquidity above current prices.
Of course, we know that Trump threatened Iran again today, and so on. But as long as Trump keeps talking and doesn’t do anything else foolish, we should reach $89K soon.
Bitcoin’s next move upward will be accompanied by a major rally in altcoins.
If you’re on the sidelines, look for good buy setups and enter on the pullback.
