Welcome to PipEze daily BTC report.
Just like we said yesterday, BTC’s price drop looks like temporary break on the way to higher levels (45K-49K). Recent 4% rise only confirms Bitcoin’s strong bull trend. If we are correct, BTC could stay on $39000-$40000 level for a few days to build momentum and form partial decline. That would give buyers a platform to push price to $45000.
PipEze Price Movement Benchmark dropped by 1 point but the difference between trend line and signal line remains high – 5 points. This gives us plenty of space to turn and continue upwards trend. Green trend area grows nicely day after day, which only confirms that bull market is strong.
Well done everyone.
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