Bitcoin has surged to 113,000 USD, gaining 1.6% daily as bulls dismiss new selling pressures from OG whales. Despite some risk factors, current accumulation trends by both retail and institutional investors signify a positive market outlook.
Trader Peter Brandt emphasizes that for BTC to maintain its bullish trend, it must break and confirm above 117,500 USD. The failure to do so may suggest a bearish double top pattern, calling for cautious optimism among traders.
Leave a Reply