Bitcoin is in process of trying to break the 2019 High. Last night was just the first attempt. Not a doom and gloom scenario by any means.
We had an expected pullback just ~$5 short of last year's all time high of $13,868.44 with a healthy pull back to the $13k range.
I fully expect there to be more attempts to break this in the near term.
It's possible we will reject for a little longer duration, which would set up a nice cup and handle opportunity in the coming weeks.
What do you think?
Are we going to break right through this resistance in the next day or so, or do you expect more pull back?
We had an expected pullback just ~$5 short of last year's all time high of $13,868.44 with a healthy pull back to the $13k range.
I fully expect there to be more attempts to break this in the near term.
It's possible we will reject for a little longer duration, which would set up a nice cup and handle opportunity in the coming weeks.
What do you think?
Are we going to break right through this resistance in the next day or so, or do you expect more pull back?