Switching to BtcUsd, there's a couple of things to mention technically. The apparent bull run that BTC has been on the last month and a half grew the value of the asset near 67%! Although it's not as much as ETH, these top crypto assets could be potentially proving that these are long-term bull markets. Definitely something to consider.
Looking at the recent price action, there are a couple of scenarios I believe could play out with BTC. Considering I missed the bullish push away from the Significant Daily Level a couple of days ago, a potential opportunity for price to retrace back to the level and wait for bullish rejection is possible.
If price doesn't retrace back to this level, I believe we will most likely break the next Significant Daily Level of interest. If we could have a bullish break and retest of this predefined level, I'll be monitoring price action to identify bullish rejection before pulling the trigger on short-term buys. Regardless, I'm overall bullish on this asset.
Looking at the recent price action, there are a couple of scenarios I believe could play out with BTC. Considering I missed the bullish push away from the Significant Daily Level a couple of days ago, a potential opportunity for price to retrace back to the level and wait for bullish rejection is possible.
If price doesn't retrace back to this level, I believe we will most likely break the next Significant Daily Level of interest. If we could have a bullish break and retest of this predefined level, I'll be monitoring price action to identify bullish rejection before pulling the trigger on short-term buys. Regardless, I'm overall bullish on this asset.
