Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: RSRS on August 15, 2021, 02:32:37 PM
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Analysts eye BTC attack on all-time highs
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD giving up $46,000 overnight on Saturday after an earlier failed breakout.
As Cointelegraph reported, bulls had run out of steam during an attack on a major sell wall holding Bitcoin back from $50,000.
The U-turn sparked a more fragile mood for Sunday, with daily losses sitting at 4% at the time of writing.
"This area is to me the major boss and hurdle to climb," popular Twitter trader Pentoshi warned, adopting a bullish view on higher timeframes.
BTC/USD, he added, had almost completed preparation for a rematch of all-time highs in a zone above resistance at $50,000 and higher.
"I still believe for now it will be a Short term LH on the micro before we go for that upper range."
Fellow trader, analyst and Cointelegraph contributor Michaël van de Poppe likewise hinted about a longer-term moment of reckoning potentially appearing soon.
"Bitcoin is inside the higher timeframe resistance," he tweeted Saturday.
More information (https://cryptonews.net/en/news/bitcoin/1432357/)
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