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BTCUSD | ROAD TO $50,000, CONTINUED
Evening traders,
we hit an ATH this afternoon (GMT)
I wasn't expecting an explosion of liquidity, more so that price would slowly creep up to the 50k level.
This has been down to most likely a steady rise of more established players in the financial realm and beyond, that are now buying into BTC giving that slow ascending movement.
This steep upper trend line illustrated by the arrows is suggesting we may get an extension on this current continuation before we actually get our desired push above, but first the liquidity bears have to be honey potted before we push off.
Expecting the 50,000 level to be taken Monday or potentially earlier.
we hit an ATH this afternoon (GMT)
I wasn't expecting an explosion of liquidity, more so that price would slowly creep up to the 50k level.
This has been down to most likely a steady rise of more established players in the financial realm and beyond, that are now buying into BTC giving that slow ascending movement.
This steep upper trend line illustrated by the arrows is suggesting we may get an extension on this current continuation before we actually get our desired push above, but first the liquidity bears have to be honey potted before we push off.
Expecting the 50,000 level to be taken Monday or potentially earlier.
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