Bitcoin’s huge surge over the last two days has come to a halt at resistance. Is this just the calm before the real storm?
Bitcoin has work still to be done
The tsunami called Bitcoin is building momentum and there is a real possibility that a breakthrough of the $30,000 resistance is on the cards. Many traders will have their short stops just above this level and therefore a short squeeze could be likely.
Bitcoin really motored both Tuesday and Wednesday putting on as much as 14.6% in the process. Not a bad couple of day’s work. However, the main task is still to be accomplished, and this is facing the king of the cryptocurrencies like Everest, for a trepidatious climber.
The reality of the situation
So much bad press has hit the crypto market over the last few months that for the market to be going up is pretty miraculous. That is until you think of the fundamentals.
On the one hand you have a pristine asset that is ridiculously scarce, more secure than any other asset, unreach
We współpracy z: https://cryptodaily.co.uk/2023/06/bitcoin-pause-then-breakout-of-30-000
