Bitcoin Technical Analysis: Did BTC Just Flip Bullish? (June 2020)





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Bitcoin Technical Analysis: Did BTC Just Flip Bullish? (June 2020)

The price of Bitcoin shot up past $10k in a very interesting development yesterday. As before, it was a strong pump that happened in just a matter of minutes. There was no series of higher highs or higher lows or any sustainable pattern of uptrend. Moments before the pump, we saw big stacks of USDT (Tether) transferred to from the Tether Treasury to Binance. It is all on the record. So, yes, I have my reasons to be very skeptical about being bullish on Bitcoin even though it has broken past the key psychological level of $10k.

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