#BTCUPDATE - 9.6.21
A strong bounce from $31k came in - very encouraging to see an perfectly timed with the announcement of El Savador hopefully causing a BTC adoption domino effect. There has been continued good news for BTC which is helping hugely.
We are at a pretty key resistance now of $35.5k just as the US is coming online so hopefully FOMO kicks in enough to help it break through.
An argument for an inverse H/S is on meaning a target of $36.8k is quite achievable.
Be warned that this could be a bull trap as there is still a bearish look on the 1 day short term with sitting in a downward channel.
Right now below $31k is very bearish and above $39.5k is bullish.
A strong bounce from $31k came in - very encouraging to see an perfectly timed with the announcement of El Savador hopefully causing a BTC adoption domino effect. There has been continued good news for BTC which is helping hugely.
We are at a pretty key resistance now of $35.5k just as the US is coming online so hopefully FOMO kicks in enough to help it break through.
An argument for an inverse H/S is on meaning a target of $36.8k is quite achievable.
Be warned that this could be a bull trap as there is still a bearish look on the 1 day short term with sitting in a downward channel.
Right now below $31k is very bearish and above $39.5k is bullish.
