Daily BTC Update
Market Analysis
Bitcoin swept major liquidity by breaking below the 89500 area and bounced back sharply. The resistance at 96000 has been broken and is now acting as support as shown in 1hour chart.
*Key Levels*
- Trendline Resistance: 100500 area
- Support: 96000 area
*Market Outlook*
The price is making a bull flag pattern on higher time frames, as you can see in 1Day chart and a breakout can be expected if the price closes above the 100500 area.
*Catalysts*
The President Trump joining office next week is expected to act as a catalyst for the market.
*Major Coins to Watch*
The following major coins are directly linked to BTC's movement:
1. XRP
2. DOGE
3. ETH
4. SOL
5. XLM
Crypto WorldHave Taken Careof Trump and now it is time for Trump to take Care of Crypto world.
