BTC fails to catch bids at 60k.

8. Mai 2021

BTC exhaust bulls as institutions watch for a pullback to 42k quickly before finding bids once again. 48k to 60k is a bulltrap. Overbought conditions and lack of volume makes this ripe for a bearish turn. Elon Musk's SNL debut marks the highs for crypto for the time being.

12. Mai 2021

Trade ist aktiv

I'm starting to see more flows into BTC and it can breach 60k. The current stock market conditions is causing flight to crypto possibly in short term.

12. Mai 2021

Trade ist aktiv

It looks like BTC is treated as a tech stock and not so much a "flight to safety" trade. Todays news about Tesla and BTC will not improve the coins ability to breach 60k. In due time, BTC will rollback.

19. Mai 2021

Trade ist aktiv

My thesis still stays true here. BTC is currently in oversold levels so expect a bounce near 40k ish which forms the C channel. Depending on the volume, I expect between 40-48k range.