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Now trading range 15k to 16K
Btc is now trading over the yellow line connecting recent highs and basis currently at 15000
while that holds BTC has better chance of breaking up 16000 in near term
because bears have less room for shorts, liquidity is low, recall that bitcoins are scarse, after halving many people and new investors are interested on BTC and traditional economies will recover slowly as pandemics relief is slow too, so safe havens will continue to shine.
if it goes under 15000 while maintain support at 14100 then probably the break above will take a bit longer but maybe will be even more powerful
while that holds BTC has better chance of breaking up 16000 in near term
because bears have less room for shorts, liquidity is low, recall that bitcoins are scarse, after halving many people and new investors are interested on BTC and traditional economies will recover slowly as pandemics relief is slow too, so safe havens will continue to shine.
if it goes under 15000 while maintain support at 14100 then probably the break above will take a bit longer but maybe will be even more powerful
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