We got a nice continuation from yesterday for Bitcoin and we closed up about 5% at 8500. Here is the daily chart:
Comment: The best news today was that we closed above the descending trendline for the first time since 11700 so hopefully we can get some momentum from this.
But then we will have to take out yesterdays high at 8500 to begin with and if we can do that we will like go to the next fibonacci level at 8850.
Unfortunately, we are still in a short term bear market, the only thing that could change that would be a daily close above 11700 and we are pretty far from that level right now.
But, things could change quickly in the crypto world so lets take one day at a time here.
Happy trading!
I've looked back at previous years and Bitcoin always spikes in June. Sooo......
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