#BTCDAILY : 15 / 02 /21 Weekend Bloodbath
#BTCDAILY : 15 / 02 /21
Weekend Bloodbath
BPT Sentiment:
BULLISH
Sell Wall
50K - 400BTC
48.2K - 200BTC
Buy Wall
$43.8k - 250 BTC
Volume: Consolidating period
ALTS: Dominance Decreasing + Price Stable = ALTS SEAASON
Local Support: $46.1k
Next Support: $43.8k
Next Support: $40.9k
Local Resistance: $48.3k
Next Resistance: $50k
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- TESLA buys $1.5 billion in BTC - Possibly most Bullish News ever
- Amazon to launch digital currency platform in Mexico - Bullish
- Mastercard plans to support crypto in 2021 - Bullish
- UBER Considering BTC - Bullish
- Apple to use BitPay - Bullish
- False Government BTC News - Bearish
Personal Opinion:
A real bloodbath of a weekend in ALT's and the market. BTC volatility really put it through the paces. Starting to test the $50k region now seriously, being rejected a couple of times as to be expected. Timed with a false news release that caused a large dump today although was quickly recovered - likely from institutional buying.
The predicted path for BTC given the surrounding fundamentals is still bullish and tracking/consolidating in this ascending triangle is quite likely.
With a largish Sell Wall at $50k then antoher rejection there is expected followed with a clean break a very big single push up to the $52k-$53k region.
Inversely - falling out of this consolidation zone will likely see a quick drop to $43.8k and possibly $40k.
Big movement incoming.
Weekend Bloodbath
BPT Sentiment:
BULLISH
Sell Wall
50K - 400BTC
48.2K - 200BTC
Buy Wall
$43.8k - 250 BTC
Volume: Consolidating period
ALTS: Dominance Decreasing + Price Stable = ALTS SEAASON
Local Support: $46.1k
Next Support: $43.8k
Next Support: $40.9k
Local Resistance: $48.3k
Next Resistance: $50k
Top Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Bearish
- TESLA buys $1.5 billion in BTC - Possibly most Bullish News ever
- Amazon to launch digital currency platform in Mexico - Bullish
- Mastercard plans to support crypto in 2021 - Bullish
- UBER Considering BTC - Bullish
- Apple to use BitPay - Bullish
- False Government BTC News - Bearish
Personal Opinion:
A real bloodbath of a weekend in ALT's and the market. BTC volatility really put it through the paces. Starting to test the $50k region now seriously, being rejected a couple of times as to be expected. Timed with a false news release that caused a large dump today although was quickly recovered - likely from institutional buying.
The predicted path for BTC given the surrounding fundamentals is still bullish and tracking/consolidating in this ascending triangle is quite likely.
With a largish Sell Wall at $50k then antoher rejection there is expected followed with a clean break a very big single push up to the $52k-$53k region.
Inversely - falling out of this consolidation zone will likely see a quick drop to $43.8k and possibly $40k.
Big movement incoming.
