BTC/USD, Technical Outlook, Edition #139 (02/11/2021)

Stubborn Bulls refuse to budge from uptrend 🐂 Can buyers maintain steam to smash new highs at USD 75K? What does surging dominance mean for Altcoins? Q has the answers in tonight's report 👇

Bulls strike back - Bitcoin maintains Technical Uptrend

Bitcoin continues trending higher after defending multiple attempts from the bears to close below the D1 20 EMA. 

Bitcoin, BTC/USD - Daily (D1) 

Observe the 20-day exponential moving average above. 

As Q mentions previously - so long as Bitcoin can hold above this crucial EMA and then re-take USD 60K horizontal support, then BTC/USD has a decent shot at heading higher to USD 75K. 

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