Analysis
- Volume is looking good for the bulls, though it needs an increase as it creeps up
- MACD is still flat but flipping bullish.
- We are making HIGHER LOW'S while the resistance is pretty obvious. I wouldn't be surprised if we pull-back to retest that bottom trendline. As long as Bitcoin grinds up against it, we are in the clear.
Bakkt news is due out within the next week or so. Should the news be positive, it can be the catalyst we need for a short term reversal.
- Volume is looking good for the bulls, though it needs an increase as it creeps up
- MACD is still flat but flipping bullish.
- We are making HIGHER LOW'S while the resistance is pretty obvious. I wouldn't be surprised if we pull-back to retest that bottom trendline. As long as Bitcoin grinds up against it, we are in the clear.
Bakkt news is due out within the next week or so. Should the news be positive, it can be the catalyst we need for a short term reversal.