At spot rates, Bitcoin (BTC) is up 4.5 percent in the last week and the second top performer in the top-10 after Binance Coin (BNB). Despite yesterday’s scare, the coin is technically in an uptrend and firm above $5,500, an intermittent resistance level.
As it is, both set of traders—risk-averse and risk-off, should load up on dips. Note that there is a double bar bear reversal pattern correcting the over-extension of Apr-23. Though prices may dip, traders should remain upbeat as long as prices are first of all, trading above $5,000.
For risk-off traders, BTC above Apr-11 highs is bullish. Therefore, unless otherwise, there is a slide below $5,300, there is another opportunity to load up with target at $6,000 in line with our last BTC/USD trade plan. - 2 minutes ago