Issue 85 – Time to Turn Bullish on Bitcoin?

October 5, 2021


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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Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast. My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig. The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight. Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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