Crypto Daily – The pair is at a very critical juncture right now. Making the all-important higher high at $65,050, or rolling over and falling below $63,900 could impact the $BTC price for the short to medium term.
Huge market forces control the Bitcoin price
There are huge forces that eventually decide the larger movements in the Bitcoin price. These market forces are beyond the ken of the average retail traders, and the $BTC price going up or down a few hundred dollars here and there is not what matters.
However, technical analysis certainly does have its place, and there’s no doubting the importance of $BTC making a higher high at this stage of its come-back.
Essential for bulls to maintain upside momentum
The short term time frame shows that currently, the $BTC price is battling to stay inside the ascending channel. Already, the price has dipped out of the channel on a few occasions, only for the bulls to force it back inside. Now, as the…
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