With the $100,000 level above significant resistance, I do think it might be difficult to get above there, but I anticipate that it will happen. With that being said, I expect a lot of volatility and noise, especially as we try to sort out what’s going on with the trade war, but I also believe that there are quite a few traders out there who looked at this as a buying opportunity.
In fact, I bought a little bit of Bitcoin a couple of hours ago. Nothing major, just accumulating, which is what I think most traders are doing right now anyways. Even if we break down below the $88,000 level, which is the bottom of this support level as far as I can see, it probably finds support again at the 200-day EMA.
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