apachig

Bitcoin attempting to break out of consolidation

BINANCE:BTCUSDT   Bitcoin / TetherUS

Bitcoin looking to break out from consolidation, targets to establish relatively "easy" long positions are 53k, 59k, and 63k. Opening a long before those targets is risky, but could be profitable. Targets following that would be 95k and up. Be aware a retest of the mid to low 40k's is still possible and would still be bullish long-term. Hash rate still increasing, CME gap at 53k which opens for trading later today, but doesn't necessarily have to be filled, BTC still in an ascending triangle upward trend on the weekly and daily as long as above 40k, stochs signaling buys since 47k the other day, fear and greed index in extreme fear for over a week, and many other signals pointing to the end of consolidation and bears running out of downward pressure. Also watching bitcoin dominance, eth/btc, eth/usdt, and bttusdt on chart.
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