When there is a strong movement in the price, everybody think that it’s the best time to take a short position. But you are wrong! When the price breaks its very important and long-term resistance, it means it has a high potential to move upper.
So as long as we are above the 26.5k level, Bitcoin is extremely bullish. Therefore you should NOT fight with it.
If this upward movement continues, our targets will be 30.5k, 32.4k, and if Fibonacci extends to the 160% level, the target will be 36.8k.
So as long as we are above the 26.5k level, Bitcoin is extremely bullish. Therefore you should NOT fight with it.
If this upward movement continues, our targets will be 30.5k, 32.4k, and if Fibonacci extends to the 160% level, the target will be 36.8k.