BTCUPDATE - 25.5.21
BTCUPDATE - 25.5.21
Looking like pretty standard consolidation post break up of a key resistance.
The support to watch is the 37.9k - losing that will likely push it down to 35.9k region - not necessarily bearish but people are still a little panicky.
There is a huge amount of USDT at the moment - it just surpassed a 60b market cap currently at Crypto's 3rd in scale of MC - this means there is ALOTTA money to be buying with!
I would expect a breakup here with a pretty conservative push to 41.8k
Looking like pretty standard consolidation post break up of a key resistance.
The support to watch is the 37.9k - losing that will likely push it down to 35.9k region - not necessarily bearish but people are still a little panicky.
There is a huge amount of USDT at the moment - it just surpassed a 60b market cap currently at Crypto's 3rd in scale of MC - this means there is ALOTTA money to be buying with!
I would expect a breakup here with a pretty conservative push to 41.8k
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