Bitcoin finished higher overnight at $61,159 (3.46%), surging by more than $1800 post the release of dovish FOMC meeting minutes.
BTC is well placed to play some catch-up with the rally in other risk assets, particularly if it can reclaim the 200-day ma at $62,925. This would then set the stage for the move to extend towards trend channel resistance at $70k.
Aware that while the King of #Crypto remains below the 200-day ma, allow for another leg lower towards trend channel support $53,500 area.
BTC is well placed to play some catch-up with the rally in other risk assets, particularly if it can reclaim the 200-day ma at $62,925. This would then set the stage for the move to extend towards trend channel resistance at $70k.
Aware that while the King of #Crypto remains below the 200-day ma, allow for another leg lower towards trend channel support $53,500 area.
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