Post
Topic
Board Speculation
Re: BTC Bull Attempts to Break $50,000 - A Psychological Hurdle as well as The Next
by
Baofeng
on 25/08/2021, 18:56:50 UTC
I agree that bitcoin is taking a new upward trend, but we should not forget that fundamental factors are also very influential in this direction, and we just shouldn't rely on technical analysis.

Given that the fundamentals are getting stronger by the day, it's good to look at technical analysis as well and see if they jive. Of course, we shouldn't rely on technical analysis as this is not an exact science, but majority of us here uses it as a sort of a guide because it definitely helps.

So that round number again, we have breach it already, but not enough to really hold on it and sustain. Maybe the second try is going to be different and we can reclaim it again before the end of the week.