Local Resistance: $34,800 Next Resistance: $38,100
Top Fundamentals: - Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish - BlackRock Institution - Confirm 2 funds joining BTC (- Ruffer institution joins the race with a 750m holding - Bullish ) - Bullish - Biden formally accelerates the Stimuls of 1.9Trillion - Bullish AF - Elon Musk Tweets BTC Hard at end of consolidation period - Bullish - Gamestop Craziness could start t drive people away from stocks to Crypto - Bullish potential
Personal Opinion: Insane movement yesterday with Elon pumping BTC at the end of the consolidation cycle.
Looking like a pretty text book retrace to the trendline (now) support. possible downward movement continued to the $31 - 31.6k support until a larger push upwards, which is where the more focused buy walls are situated.