How's it going, Alkalites! Today we bring you good news, as BTC crossed the $40k psychological area!
Regarding technicals, we can see that Bitcoin is fighting against retail oscillators sentiment, respecting our last psychological levels. We could expect some struggle with the 4H 200 EMA, if BTC closes above it, we could see some bearish relief.
Bitcoin fundamentals have played a big role in these green numbers. Elon Musk has gradually adjusted his sentiment from bearish to slightly bullish, and the last news about BTC being accepted by Tesla again just triggered some nice profits.
BTC.D has shown some strength in the last rally, which means that it is outperforming Altcoins. If it crosses the 50% psychological area, we may see a new cycle starting, which could be the greatest buying scenario for alternative projects.
In this scenario, we have released our exposure, as we were protecting it against bearish fundamental sentiment, which is vanishing. We advise our members to do it gently to avoid FOMOing into volatility. Alkaline Crypto will be releasing analysis and trade ideas about our new Altcoin Portfolio soon.
Wishing you a wonderful week, Alkalites!
Regarding technicals, we can see that Bitcoin is fighting against retail oscillators sentiment, respecting our last psychological levels. We could expect some struggle with the 4H 200 EMA, if BTC closes above it, we could see some bearish relief.
Bitcoin fundamentals have played a big role in these green numbers. Elon Musk has gradually adjusted his sentiment from bearish to slightly bullish, and the last news about BTC being accepted by Tesla again just triggered some nice profits.
BTC.D has shown some strength in the last rally, which means that it is outperforming Altcoins. If it crosses the 50% psychological area, we may see a new cycle starting, which could be the greatest buying scenario for alternative projects.
In this scenario, we have released our exposure, as we were protecting it against bearish fundamental sentiment, which is vanishing. We advise our members to do it gently to avoid FOMOing into volatility. Alkaline Crypto will be releasing analysis and trade ideas about our new Altcoin Portfolio soon.
Wishing you a wonderful week, Alkalites!
