Crawling Towards $5,800 Region

Although BTC prices have been struggling with breaking through the $5,500 price point, BTC continues to crawl higher with forming clear higher high (HH) higher low (HL) structures. Given the continued bullish fundamentals (such as the launch of GBTC on major platform like TDAmeritrade, E-Trade, Interactive Brokers, Vanguard, Fidelity, etc.), we can expect to see further bullish momentum, and the first stop is likely to be at $5,800.
Trend Analysis

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