The importance of 8K and 10K for BTC – Key levels for ETH and ADA
May 13, 2020
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Bullish news but a volatile technical response - Despite the past week’s quick sell-off from resistance that saw most crypto currencies break below rising 15-dma’s, most coins remain in uptrends supporting long side exposure. As always, we find it noteworthy that despite seemingly bullish expectations regarding BTC’s halving, Paul Tudor Jones’ endorsement and news JP Morgan is increasingly engaging with crypto, BTC and ETH ping ponged between key technical resistance and support the past week. So now what?
A balanced read of BTC’s technicals leaves ammunition for both bull and bears -...