BitcoinLong
Bitcoin Tests $43K Again
Bitcoin got support from the 
41K's as we anticipated yesterday. We the lift seems to be coming off news that Terra has bought 125M worth of Bitcoin for its reserve. If we want to continue to see higher prices in crypto we will need more news like this. We are currently testing 43.1K again, but a red triangle on the KRI is providing resistance. We have tested this level again earlier this week, and are likely forming some kind of consolidation pattern here like a bull wedge or flag, as we gear up for a potential breakout. Our next target is 45K, which is the ultimate barrier that must be broken before we can consider higher levels. If we retrace again, watch for support in the 41K's or 40K's.
41K's as we anticipated yesterday. We the lift seems to be coming off news that Terra has bought 125M worth of Bitcoin for its reserve. If we want to continue to see higher prices in crypto we will need more news like this. We are currently testing 43.1K again, but a red triangle on the KRI is providing resistance. We have tested this level again earlier this week, and are likely forming some kind of consolidation pattern here like a bull wedge or flag, as we gear up for a potential breakout. Our next target is 45K, which is the ultimate barrier that must be broken before we can consider higher levels. If we retrace again, watch for support in the 41K's or 40K's.
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