Bitcoin made a comeback with a lot of firepower behind as it climbed for 10 consecutive days, rising from 30000 low to 42000 high.
This is certainly not just a major pullback from the recent bearish trend but potentially the new bullish trend.
However, for the price to pullback beyond 40000 is totally within expectation as the key supply zone is still a little further away at 50000.
In any case, this week will be a good time to keep buying bitcoin before it faces strong resistance around 50000.
This week, we will look for buying opportunities by first waiting for a pullback towards 40800.
This is certainly not just a major pullback from the recent bearish trend but potentially the new bullish trend.
However, for the price to pullback beyond 40000 is totally within expectation as the key supply zone is still a little further away at 50000.
In any case, this week will be a good time to keep buying bitcoin before it faces strong resistance around 50000.
This week, we will look for buying opportunities by first waiting for a pullback towards 40800.
