Bitcoin

Bitcoin needs to Flip the $50900 resistance for a new range

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Interesting things happen all around the same time. Starting 2 days ago and ending with yesterday.

1 My Father inlaw texts me about a coindesk article stating Whales are selling their BTC coindesk.com/bitcoin-whales-selling-pullback-risk
2 Vitalik dumps on the Doggy Coin community
3 Elon forgets that Bitcoin uses computers to secure the network.

We had a nice high volume bounce from 45k. and have settled in the 50k range for now.

A clean break and reset of the SR zone at $50900 would maintain my bullish sentiment. If we close below 47k on the Daily would be very bearish IMHO.

All I am doing right now is watching these zones.

Penafian

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