$BTC is currently trading at $63,090, showing strong upward momentum after bouncing off the $53,000 support level.
The price reached a critical resistance point at $64.239 last night and managed to cross it but failed to hold.
With the MT Gox news, the price retreated sharply and people started selling in panic again.
People seem to have more faith in $ETH than in $BTC at the moment. One of the biggest reasons for this is the upcoming ETH ETF and BTC MT Gox FUD.
At the moment, the bulls should definitely not lose the $60,000 level. Otherwise, a very sharp pullback can be expected to regain this level.
It would not be wrong to say that the price teleported from $57,000 to $64,000. With the successful recovery of Trump. a small bull run
has started. Maybe this was the news that people needed and the markets suddenly started to look more bullish.
At this point, I maintain my short position and create space for myself to continue adding if the price rises.
My expectation is that the price will once again visit around $60,000, let's see what happens!
I am curious about your comments and your expectations, please share them with me.
