BTC broke out above this downsloping resistance and is headed higher. I would imagine this relief rally can take us to 60k in time. This is especially good news for altcoins like ETH, LTC and BCH which could see even better rallies in the coming days! Cautious traders could wait for candle close for confirmation and potential backtest of that for support but momentum is there. BTC was oversold on daily timescale for the first time since March 2020!
- by admin