Told you the 50 MA breakout is bullish and we see a big pump. Bitcoin also break the mid range resistance of $36,000 and if able to hold above it then we see a retest of the upper range resistance of $40,000-$42,000.
In futures market BTCUSDT pair goes above $48,000 liquidating all the shorts. We may see a retest of $36,000 (but not necessary) before next leg up.
$111,000,000 of shorts liquidated in 10 minutes during the pump.
Reason of the pump
There is a rumor according to an insider Amazon will start accepting Bitcoin payments by the end of 2021 following by Ethereum and other major tokens.
Binance reducing max leverage to 20x for new users. It will apply to existing users in coming weeks.
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