Bitcoin Testing Relative Highs!!

2021年8月16日

Bitcoin is hugging the newly established upper bound at 48.2K. We may be seeing a double top forming, but it seems that there is strength in the crypto market and Bitcoin is establishing value between 46.2K and 48.2K. If we can muster the strength for a breakout then our next target is 49.7K, which is the last target in the 40K handle before we hit the 50K's. If we face resistance from here we have good support in the 45K range from a cluster of levels.