I totally understand why news are bullish on $BTC
Are we heading to the moon?
Well, it’s been 7 hours in a row that price closes below previous long-time support (60200) that turned into a strong resistance now.
There is pretty significant CME gap is well, which tends to close quite quickly, and it is around 57+K.
Despite that I was waiting for this level to sell, I don’t do it, as technical and fundamental overviews clash here.
If the bearish outlook continues - it might be there for another couple of months, with targets as low as 42K (plus minus).
If price crosses 60K- first trouble area is at 63K. With target of 80-90 that’s still good R:R
