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.