BTCUPDATE - 25.5.21
Looking like pretty standard consolidation post break up of a key resistance.
The support to watch is the $37.9k - losing that will likely push it down to $35.9k region - not necessarily bearish but people are still a little panicky.
There is a huge amount of USDT at the moment - it just surpassed a $60b market cap currently at Crypto's 3rd in scale of MC - this means there is ALOTTA money to be buying with!
I would expect a breakup here with a pretty conservative push to $41.8k
Looking like pretty standard consolidation post break up of a key resistance.
The support to watch is the $37.9k - losing that will likely push it down to $35.9k region - not necessarily bearish but people are still a little panicky.
There is a huge amount of USDT at the moment - it just surpassed a $60b market cap currently at Crypto's 3rd in scale of MC - this means there is ALOTTA money to be buying with!
I would expect a breakup here with a pretty conservative push to $41.8k
