Bitcoin spiked about $150 inside of 5 mins. As expected , it found resistance just under $6,750. The bears then quickly rejected it, wiping out most of the gains. Bitcoin is now sitting on top of the wedge it had been operating in for over 2 months.
Longs are stacking, which suggests some retail investors believe this is the breakout we’ve been waiting for. I would say, BE CAREFUL.
In today’s video analysis, I discuss where price may go from here, traps to avoid, what I believe market makers may be thinking and MUCH more. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!