Crypto Daily – When everyone thought that was going to take another dip, the opposite happened, as Bitcoin continues its recovery from $91,000. Can the bulls send the $BTC price past $100,000, or will we see a return to the ascending trendline that stretches all the way from 2021?
Bitcoin keeps market guessing
Bitcoin always keeps the market guessing. If you are a trader, and you are not on your toes where Bitcoin is concerned, you are likely to be taught a lesson, and probably quite a few of them.
Instead of a dip below the trendline that stretches all the way back to the double top of the 2021 bull market, the $BTC price decided to respect the trendline, and not only that, but to break out of its current local downtrend.
Market structure builds above $91,000
Source: TradingView
The short-term $BTC chart above is beginning to show plenty of structure now above the $91,000 level. A range is forming between this lower level and the range high…
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