In yesterday's comment, I said that the selling pressure for Bitcoin evaporated and a relief rally could follow.
At this moment this scenario is more and more probable with the cryptocurrency breaking above the last range's resistance.
For continuation, bulls need the price above 43k and in this instance, the read is pretty clear to 46k strong resistance.
Bitcoin back in the previous range would delay this scenario and a negation comes if we have a break under 40k.
I'm bullish for now.
At this moment this scenario is more and more probable with the cryptocurrency breaking above the last range's resistance.
For continuation, bulls need the price above 43k and in this instance, the read is pretty clear to 46k strong resistance.
Bitcoin back in the previous range would delay this scenario and a negation comes if we have a break under 40k.
I'm bullish for now.
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