Bitcoin, EOS, BNB, BAT, ETH and XRP Analysis: Quick Update

Bitcoin bounced nicely off the $5,000 support and is now testing $5,350 resistance. A decisive break above, turning $5,350 into support, would indicate a likely visit to at least $5,600. Daily volume remains steady above $13 billion.

Price consolidated just above the 21day EMA for 6 days without a decisive break below. This is a sign of strength.

Shorts remain stacked and longs are flat. Should a short squeeze occur, I can see price easily hitting $5,800. That said, the bears seem dug in. Bulls would likely have to push price north of $5,600 to start liquidating shorts.

In today’s video I analyze

About the author: Workin 2005

Crypto: Hated by governments, banks and dictators. Loved by all those who believe in true freedom. Retired airline pilot...full time crypto enthusiast. #Freedom