BTC good for another 5% gain to $39890

14 mar 2022

ETH and BTC are following similar momentum and directed long for the short-term. We are entering into an area that's quite dangerous. The price is consolidating around the triangle. Yesterday we saw high momentum downward pressure; however, we saw price holding onto the current level and withstanding the downward momentum over the weekend. It looks like the momentum is about to flip and turn into solid bull pressure. There is sufficient momentum for the price to break the triangle and move higher. However, I expect a short spike either way that's good for a 5% gain for BTC. Combined with potential good news coming from the Ukrainian situation, we could expect the price to pop. As many have stated, the safest to do right now is to sit on the sideline. However, if you want to play with a small amount of risk like me, who could resist ;-)

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