Best Bitcoin Trading Ideas

Bitcoin has caught some momentum since yesterday. We are still not convinced it is back to 'bull mode', however. We are currently at around $54.3K, which is going to provide resistance, as we wrote yesterday. There are a few levels above, but $57.7K seems like a reasonable target if momentum continues. For now, $48.2K seems to be the lower bound. We have tested this level twice forming a double bottom. If we test it yet again, however, this could be a bad sign, as the longer BTC gets comfortable with this level, the likelier it is to break it.