#BTCDAILY : 9 / 02 /21
#BTCSLA
BPT Sentiment:
VERY BULLISH
Sell Wall
Buy Walls
They don't matter right now!
Volume: Insanely high - Incredible recent volatility - starting to slow down slightly
ALTS: Dominance Decreasing + Price Stable = ALTSEASON Incoming
Local Support: $44.9k
Next Support: $42.2k
Local Resistance: $48k
Next Resistance: $50k
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- TESLA buys $1.5 billion in BTC - Possibly most Bullish News ever
- Stimulus looming - Bullish
- Crypto heavily trending in Mainstream - Bullish
- VISA Integration - Bullish
- BTC Flips TESLA to become 7th Largest commodity in the world - Ultra Bullish
Personal Opinion:
What a 24 hours!!!
Well I guess I was correct in that it definitely retested the ATH lol. The recent news of "Elon" buying 1.5 billion in BTC has triggered more in motion for Crypto than first meets the eye. With speculation of Apple rumoured to be considering BTC it is only a matter of time before it is on all companies balance sheets. $50k has been my long term projection for BTC, and very excited to be writing it out as a key resistance - although now - that is going to $75k.
I cannot see momentum slowing, only increasing. Of course we will take continued rejection/retraces and dumps along the way although I am calling $75k inside 2021.
#BTCSLA
BPT Sentiment:
VERY BULLISH
Sell Wall
Buy Walls
They don't matter right now!
Volume: Insanely high - Incredible recent volatility - starting to slow down slightly
ALTS: Dominance Decreasing + Price Stable = ALTSEASON Incoming
Local Support: $44.9k
Next Support: $42.2k
Local Resistance: $48k
Next Resistance: $50k
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- TESLA buys $1.5 billion in BTC - Possibly most Bullish News ever
- Stimulus looming - Bullish
- Crypto heavily trending in Mainstream - Bullish
- VISA Integration - Bullish
- BTC Flips TESLA to become 7th Largest commodity in the world - Ultra Bullish
Personal Opinion:
What a 24 hours!!!
Well I guess I was correct in that it definitely retested the ATH lol. The recent news of "Elon" buying 1.5 billion in BTC has triggered more in motion for Crypto than first meets the eye. With speculation of Apple rumoured to be considering BTC it is only a matter of time before it is on all companies balance sheets. $50k has been my long term projection for BTC, and very excited to be writing it out as a key resistance - although now - that is going to $75k.
I cannot see momentum slowing, only increasing. Of course we will take continued rejection/retraces and dumps along the way although I am calling $75k inside 2021.
