Bitcoin has been lagging behind ETH that has just set another ATH today (see below my ETH idea).
Can BTC catch-up and set a new ATH like ETH or are we doomed to revisit lower levels?
The big question mark on my chart that you see there is at 58k. If BTC manages to pass this level I think BTC has a very good chance to do a new ATH and follow on the steps of ETH.
However, right now we're just under this resistance at 55k which we need to pass. I don't expect it to hold us down long, but the real test comes at 58k.
Overall, the market remains bullish, I mean, ETH setting a new ATH every day is a bullish market! Question is if BTC can recover this recent drop to follow-up.
My bias is bullish and this becomes ever stronger on BTC as long as we don't turn down again. The indicators, particularly Stoch RSI is also bullish which is a weak but good indicator of what is to come. Let's see.
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