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$BTC is finally showing some life after that nasty slide. Everyone was calling for 50k but the bulls held that 60k floor like their lives depended on it.
Looking at this daily candle it’s a massive breakout from that tight consolidation we’ve been stuck in for weeks. We just cleared the local resistance around 70k with some decent strength.
The volume is picking up and we are currently sitting at 72.8k. If we can flip this level into support the next stop is likely testing those previous highs near 80k.
I’m watching the 4h close closely. If we wick back down it might just be a fakeout but for now the momentum is definitely shifting back to the upside.
#CryptoMarketBouncesBack