Cautiously optimistic
After several rejections and fake breakouts I am staying cautious this time, though the chart looks good so far. Bitcoin has crossed the 65k and we are trading around 67k at the moment.
Two things to consider. First I think many investors are also still cautious like me and traders holding their short positions since they don’t trust the price yet. We need to confirm the break on a weekly base before we really call it a bullish move. And secondly I am expecting to see quite a short squeeze once we surpass 70k and FOMO kicks back in.
Fingers crossed guys! Is it real this time? Is Uptober finally happening?
