Crypto traders are licking their lips as Bitcoin comes back to life

Cryptocurrency Analysis BTCUSD

Time Frame : Daily Chart

Bitcoin – BTCUSD

This is just what all the crypto enthusiasts have been waiting for…volatility to pick up and some action come back into the buy side again. Bitcoin took off last night with a push up to current levels around 5000. There will be a lot of excitement generated from this move and dreams of another big move to the stratosphere. A lot of holders from higher up may be looking to exit at breakeven finally so we expect to see some easier price action to trade. Watching now for some heat to come out of the market and price to pullback and build a buy entry setup for a continued move up to 6000 and potentially beyond.

Crypto Pair : BTCUSD

Current Price : 4999

Status : On watch for a spike up to 6000