BTC has failed to break down under 60k multiple times. While I see little reason for the BTC bear market to be over, with things like STRC trading at 87 and froth still across the yield farming sector, BTC itself has a decent technical setup. The 20ema is crossing the 50sma, near-term relative strength is okay, and we have seen multiple failed breakdowns.
Many are chasing a rally into the 200sma in the low 70k region. While I do not see BTC as a good investment at these levels, the RR is not bad for a quick trade to 70k. If general risk sentiment does not crash due to elevated oil prices and Iran escalation, the long window is open.
Many are chasing a rally into the 200sma in the low 70k region. While I do not see BTC as a good investment at these levels, the RR is not bad for a quick trade to 70k. If general risk sentiment does not crash due to elevated oil prices and Iran escalation, the long window is open.
The Carny
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The Carny
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