ภ๏รtг๏ภคยt on Nostr: Bitcoin Market Update - (530am ET) Another strong day for Bitcoin yesterday giving us ...
Bitcoin Market Update -
(530am ET)
Another strong day for Bitcoin yesterday giving us the highest weekly close in over 2 years. This morning we saw a push into the $48.8k sell wall that I mentioned, where we have seen a 2% rejection so far. Remember this .618 fib level is a big level of resistance. If we get any 4 hour acceptance above $48.8k, then I think we could see $50k - $51k this week- especially if we see continued buying pressure from the ETF's.
Caution on altcoins here- Total2 is sitting right under resistance and BTC Dominance pushing higher. A small correction on BTC will see a big flush on alts.
Ready for another great week!
Published at
2024-02-12 17:12:36 UTCEvent JSON
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"pubkey": "77ce56f89d1228f7ff3743ce1ad1b254857b9008564727ebd5a1f317362f6ca7",
"created_at": 1707757956,
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"content": "Bitcoin Market Update -\n(530am ET)\nhttps://image.nostr.build/a57a2abc35bc273d21a39bc54c976f058c30a07f86077ee3e20b5aa850fd79ff.jpg#m=image%2Fjpeg\u0026dim=1280x594\u0026blurhash=Z15q%3Bb%2BtyE0e%3FIH%3F.S0xbw5R5R%24*njxFf%2B-ArsxF%3FbWV-%3AwKx%5BELIpRj%25L%5Ei-VkVM%7DNZV%5BxYxaS0\u0026x=68ae3e100093dd76ae94d8348242b13f74f5803ee220f838d161b933f5aa9b2f\nAnother strong day for Bitcoin yesterday giving us the highest weekly close in over 2 years. This morning we saw a push into the $48.8k sell wall that I mentioned, where we have seen a 2% rejection so far. Remember this .618 fib level is a big level of resistance. If we get any 4 hour acceptance above $48.8k, then I think we could see $50k - $51k this week- especially if we see continued buying pressure from the ETF's.\n\nCaution on altcoins here- Total2 is sitting right under resistance and BTC Dominance pushing higher. A small correction on BTC will see a big flush on alts.\n\nReady for another great week!\n",
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