The story is that a Pres. Trump is more digital currency friendly and that has the price of Bitcoin higher for the 3rd straight day.
- The price has moved from a low on October 24 at $65,000 to the high price reached today at $72,756 or +11.93%.
- Since the September 6 low, the price is up 38.466%.
Looking at the daily chart, the price is entered into a swing area ceiling between $71,958 and $73,794.
When a is approach, there are two options from traders:
- Using area to lean against with a stop on a break above. Traders hope a rotation lower as it has happened on a number of times since peaking in March.
- Push higher and break the ceiling, opening…
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