Crypto Dream
08/13 03:12
BTC broke above the downtrend line on Sunday, and
BTC broke above the downtrend line on Sunday, and the bulls continued the momentum on Monday, reaching $122,335.
The bears are trying to guard the all-time high of $123,218, but a positive sign is that the bulls have kept up the pressure. That enhances the prospects of a break above $123,218. If that happens, the BTC/USDT pair could skyrocket toward $135,000.
The first sign of weakness will be a break and close below the 20-day SMA ($116,795). That signals a possible range formation in the near term. Bitcoin’s price could oscillate between $111,920 and $123,218 for a while. The pair will signal a short-term trend reversal below $110,530.
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