#BTCDAILY - 12 .3.21 Last Chance Saloon
#BTCDAILY - 12 .3.21
Last Chance Saloon
Overview:
Rejection at ATH - holding support before big push to 60k
SELL WALL
N/A
BUY WALL
$54.5K - 12-BTC
VOLUME: Still getting lower and awaiting a big break out
Market Sentiment:
ALTS Bearish
-BTC Price Down
-Dominance Up
-Alt Volume Down
Local Support: $54.9k
Next Support: $53k
Local Resistance: $57.1k
Next Resistance: $58.1k
Top Fundamentals:
- $1.9T Stimulus Signed (Expected deposits to arrive by 13th/14th - Ultra-Bullish
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- Week Close above $50k - Bullish
- Could be Currency of Choice for international trade for CitiBank - Bullish
- Goldman-Sachs reopening BTC Desk Mid - March - Stimulus
- BTC back above $1Trillion - Super Bullish
- Digital Currency Group Announces Plan to Purchase Shares of Grayscale Bitcoin Trust - Bullish
Personal Opinion:
Short-Term
Hard rejection at ATH - following prediction very comfortably - expected accumulation on the $55k support. Deposits expected to drop over the weekend which is when expected inflow to BTC will begin. Breaking ATH over the weekend and likely testing 60k.
Long Term (Unchanged) - A target of $75k is on the cards coming in just after 14th March - please note that this line is not reflective of its movement in time or accurate path, just that I think that it will hit these lows and highs in this order
Last Chance Saloon
Overview:
Rejection at ATH - holding support before big push to 60k
SELL WALL
N/A
BUY WALL
$54.5K - 12-BTC
VOLUME: Still getting lower and awaiting a big break out
Market Sentiment:
ALTS Bearish
-BTC Price Down
-Dominance Up
-Alt Volume Down
Local Support: $54.9k
Next Support: $53k
Local Resistance: $57.1k
Next Resistance: $58.1k
Top Fundamentals:
- $1.9T Stimulus Signed (Expected deposits to arrive by 13th/14th - Ultra-Bullish
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- Week Close above $50k - Bullish
- Could be Currency of Choice for international trade for CitiBank - Bullish
- Goldman-Sachs reopening BTC Desk Mid - March - Stimulus
- BTC back above $1Trillion - Super Bullish
- Digital Currency Group Announces Plan to Purchase Shares of Grayscale Bitcoin Trust - Bullish
Personal Opinion:
Short-Term
Hard rejection at ATH - following prediction very comfortably - expected accumulation on the $55k support. Deposits expected to drop over the weekend which is when expected inflow to BTC will begin. Breaking ATH over the weekend and likely testing 60k.
Long Term (Unchanged) - A target of $75k is on the cards coming in just after 14th March - please note that this line is not reflective of its movement in time or accurate path, just that I think that it will hit these lows and highs in this order
