Post #1239683: Didn't trade over the weekend, but we can see…
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Didn't trade over the weekend, but we can see continuation plays on #Bitcoin here. 'QE' and 'Bailout' for the banks, which means temporary relief + potential good CPI and no more rate hikes (or 25bps) is fuel. Break above $21.3K is vital. Looking fing for longs there to $23.7K.

Didn't trade over the weekend, but we can see continuation plays on #Bitcoin here. 'QE' and 'Bailout' for the banks, which means temporary relief + potential good CPI and no more rate hikes (or 25bps) is fuel. Break above $21.3K is vital. Looking fing for longs there to $23.7K.

Mar 12, 2023 10:33 PM |
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cryptomichnl
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#Bitcoin is looking at a case where we're continuing higher. As long as we stay above $28,600/$27,800, markets aren't going to retrace heavily. Lower timeframes; perhaps $29,300 could be a great entry. Continuation targets; $32,400-33,000. Roughly speaking my thesis for #Bitcoin. Still a vacuum in which we continue the upwards rally through Q2 as Powell comes to an end with the hikes. Comparable to Q2 2019, which also rallied significantly. Correction to $25K in second half, as re #Bitcoin to $28.5-29K seems likely this weekend. The question is, what will the reaction be from there. Probably some scalp short regions. HTF buy the dip entry around $25K as a potential range to establish. That’s what we like to see. #Bitcoin accepted in Jeffrey’s Bay in South Africa. Matter of time until it will be everywhere. Patiently waiting for the US markets to open later today. At this point, markets have been seeing a significant push upwards, straight into resistance around $22.6K. Focused on $21.3K for #Bitcoin, perhaps $21.6K if we want to have some aggro longs

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