Bitcoin just crossed $80,000 for the first time since May. 👀
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:
𝗧𝗵𝗶𝘀 𝗿𝗮𝗹𝗹𝘆 𝗶𝘀 𝗰𝗼𝗺𝗶𝗻𝗴 𝗮𝗳𝘁𝗲𝗿 𝗕𝗧𝗖 𝘀𝗽𝗲𝗻𝘁 𝘄𝗲𝗲𝗸𝘀 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 $𝟲𝟬𝗞 𝗿𝗮𝗻𝗴𝗲.
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.
🔥 $80K breakout or bull trap?
What's your call?
#bitcoin #BTC #crypto #BİNANCE #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:
𝗧𝗵𝗶𝘀 𝗿𝗮𝗹𝗹𝘆 𝗶𝘀 𝗰𝗼𝗺𝗶𝗻𝗴 𝗮𝗳𝘁𝗲𝗿 𝗕𝗧𝗖 𝘀𝗽𝗲𝗻𝘁 𝘄𝗲𝗲𝗸𝘀 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 $𝟲𝟬𝗞 𝗿𝗮𝗻𝗴𝗲.
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.
🔥 $80K breakout or bull trap?
What's your call?
#bitcoin #BTC #crypto #BİNANCE #CryptoMarket