Bitcoin already faces a battle for $30,000 as the new week begins.
BTC/USD annotated chart. Source: Daan Crypto Trades/ Twitterof macroeconomic data releases, the coming days are set to offer risk asset traders some comparative respite.
Last week, Tedtalksmacro, a financial commentator also focusing on crypto, summed up the current environment as highly favorable to continued Bitcoin upside. “Some day they will be correct, but in my view, based on history, a new bull market is not confirmed until $SPX moves above the monthly 20MA and SUSTAINS such a move, i.e. defends it as support,” part of a tweetHenrich was considering a claim by Tom Lee, Managing Partner and the Head of Research at Fundstrat Global Advisors, who described bears as “trapped.”
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