BTC Update
The current price of Bitcoin is $3885, with 24 hour volume leveling at 5.0 billion USD. Bitcoin has shown in a tight $400 price range between $3500-$3900 for
the past week.
Given how the market is mvoing , price action seems to be pointing in favor of the bulls. We mentioned the 3500’s in our prior update as a significant area of support, and it provided buyers with a motivated entry. In our opinion, Bitcoin looks prepped to break out above the 7-day high of $3960.
Now seems to be a good time to add to current exposure to crypto with about 50% fiat / 50% crypto weighted percentages. Look to add more on a break out and close above $3960 on a 4hr time frame or higher. A break below $3500 would signal renewed bearish pressure and would signal a return to net short positions at that time.
If this post is older than 7 days, please support by upvoting my latest post 
latest post 
latest post
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by supsnehal from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.