We had been moving in the downtrend channel that was broken up a few days ago.
Now we see a local upward trend, the price is above the middle line of this channel.
Some correction movement after testing the channel's resistance line will be logical.
The media saying: "BTC probably won't be below $11.000, as well as ETH price will be around $500 very soon".
A new divorce, that the asset management company named Stone Ridge bought 10.000 BTC for more than 100 million dollars. Of course, there's no info about the date they did it. They just pose that something was bought from someone as if it was done yesterday. Thus, whoever has a FOMO, where the price is growing, it catches their eyes and people swooped down.
Obviously, there has been a FOMO. Price had been growing up until the moment it touched the resistance level.
Globally this formation is bullish
Be careful though, don't forget about capital & risk management.
Best regards EXCAVO
Now we see a local upward trend, the price is above the middle line of this channel.
Some correction movement after testing the channel's resistance line will be logical.
The media saying: "BTC probably won't be below $11.000, as well as ETH price will be around $500 very soon".
A new divorce, that the asset management company named Stone Ridge bought 10.000 BTC for more than 100 million dollars. Of course, there's no info about the date they did it. They just pose that something was bought from someone as if it was done yesterday. Thus, whoever has a FOMO, where the price is growing, it catches their eyes and people swooped down.
Obviously, there has been a FOMO. Price had been growing up until the moment it touched the resistance level.
Globally this formation is bullish
Be careful though, don't forget about capital & risk management.
Best regards EXCAVO
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