𝐈𝐬 𝐭𝐡𝐞 𝐛𝐮𝐥𝐥 𝐛𝐚𝐜𝐤?
Good morning indeed!
I earlier said that Bitcoin showed a lot of promise short term, EVEN when we were below the range and most expected a bearish retest.
We are dangerously close to making a higher high on the daily ($63,800) as well right now.
Which is the optimal scenario we can think off.
I previously mentioned reclaiming the previous range would be a great first start which we actually did!
It's a little to soon to go completely ballistic and euphoric to call up-only from now (need a bit more data for that) but we have a more favorable scenario than the position we were in last week.
I'm hoping for that higher high to take place soon. After that I fully expect another test at the top of the range ($70,000).
That is when we'll have a real decent chance again at going for new all-time highs.
Which is really important because it's only then, that altcoins will truly start to move again.
And not like what we have seen the past few weeks - months.
Will keep you updated as always.
