I usually look to Sunday Evening to set the tone for the upcoming week. although many are either extremely bearish or bullish, I'm feeling fairly neutral and would guess that BTC will trade sideways, or sideways and up for a bit.
BTC bull rally remains strong in the long-term according to technicals
I don't pretend to predict to "Call" where bitcoin is headed though.
According to what I am reading most are bullish, expecting the price to go up.
Bull Market Remains Strong.
- Bitcoin price has been extremely volatile in the past week.
- MicroStrategy has continued to accumulate even more BTC despite the fall in prices.
- Bitcoin's rally remains strong as the digital asset continues to defend critical support level
Bitcoin price has rebounded from a key support level on the daily chart and aims for a full recovery. The past week has been quite volatile for the flagship cryptocurrency experiencing moves of up to 10% in just 24 hours. A lot has happened so let’s take a look at the most important developments over the past week.
*source https://www.fxstreet.com/
ETH
There is also a lot of news about ETH's approved EIP proposal.
EIP-1559 which will attempt to reduce ETH transaction fees and some predict might even make ETH deflationary. Interesting news.
Most articles on ETH were also bullish, both looking at technical charts and also the news. I bought some more today.
Ethereum bulls fight back control, eyes a break above $1700 and beyond.
- The No. 2 coin confirms falling wedge breakout on the daily chart.
- The ETH bulls need a strong foothold above the bearish 21-DMA.
- ETH/USD has extended the recovery from a drop below $1500 into the third day on Sunday, starting out a new week on the front foot.
The world’s second-largest cryptocurrency tracks the optimism across the crypto markets, especially with Bitcoin back above the critical $50,000 level.
Source: https://www.fxstreet.com/
What are you watching/trading/buying?
