As we approach 50k I highlighted a few key area of support and resistance to pay attention to. This doesn't mean we wont blow past 50k we very well can do that especially if alts sells off and that money flows into BTC. However, if we do get past 50k or 51k and just so happen to pullback we know that 40k will act as a support but also 50k can act as support to depending on the volume. I think we have to much reason to move higher such as:
Where this goes I am not sure but just a few areas in BTC to pay attention too.
- End of year stock market selloff
- More institutional buying
- Retail traders continue to enter the market as the see crypto constantly in the media
- This really should be number 1 the next inflation report CPI & PPI in sept
Where this goes I am not sure but just a few areas in BTC to pay attention too.