Daily BTC Update
BTC has produced a strong green candle moving up out of the demand zone with commitment. This zone has been tested now multiple times and it appears the sellers are becoming exhausted. I'm looking for a breakout to new highs in the short term (days not weeks), but be careful here with your stop losses. There will be a lot of traders looking to take long positions on leverage and this will provide a great opportunity for the whales to manipulate the price down. Don't be surprised if we get a final wick down to liquidate all of the longs and let the whales scoop up some discounted BTC before the break out to the upside.
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