Structurally, the news is just a catalyst; support and resistance are what matter.
Take this headline, for example: 21Shares strategist: Bitcoin could climb toward $90,000, with $85,000 acting as resistance.
Next, watch two things: whether trading volume picks up, and whether buyers step in on a pullback.
$BTC is currently trading at 81850, down 1.63% on the day.
#BTC
This is my personal observation and not a recommendation to buy or sell.
Take this headline, for example: 21Shares strategist: Bitcoin could climb toward $90,000, with $85,000 acting as resistance.
Next, watch two things: whether trading volume picks up, and whether buyers step in on a pullback.
$BTC is currently trading at 81850, down 1.63% on the day.
#BTC
This is my personal observation and not a recommendation to buy or sell.