Bitcoin is starting to break out today. But can buyers keep this momentum for what lies ahead?
Today’s issue focuses on the market structure of BTC, including what buyers need to do to take the market higher, and what could invalidate today’s move.
Plus, updates on ETH, ADA, and LINK.
Let’s get it!
What’s the Latest With Bitcoin’s Market Structure?
Bitcoin is testing the April trend line today near $51,000. That also happens to be a key horizontal level from early September.
Notice how the September 3rd high and September 6th low occurred right around $51,000.
A daily close above that could be very bullish for the overall look of the chart.
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