Bitcoin to breakout at 2:30 PM GMT after US opening? 👀🚀
I’m loving what I’m seeing on $BTC so far! It did a breakout from 103K to 107K, then on the opening of Asian market it tried to push above 107K but faced a resistance and didn’t have enough volume to push higher. Now, did a correction to 105K, which formed a good support zone and slowly started going up again forming a zone for a breakout.
This is good sign of another attempt to break past 108K to go all the way to 110K at 2:30 PM GMT when the US market opens! It could try to push down in the opening but as long as we are above 105K zone, we are safe.
Bitcoin currently has 2 strong support zones. 105K and 103K, if these two are broken, then we will see Bitcoin going down all the way to 98K-100K zone which is pretty bad for the market, and it will make alt coins bleed more than ever. But I’m so optimistic that it won’t happen, and we will see Bitcoin going for 110K-120K before any other dips.
Also, $ETH broke the 4000 resistance as I told you yesterday, it currently depends on Bitcoin and just follows its path, so if Bitcoin keeps going and reaching other highs then we will see Ethereum going for 4200-4350.
What are your thoughts on the market? Are you bullish or bearish? 🤔
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