BITCOIN & ETHEREUM REPORT 6th March 2021

 

BITCOIN PRIMARY CYCLES

Since the last post #Bitcoin blasted higher with the Weekly close above $37,769, but didn't reach the February Target of $63,690

My view :- 

1. Above $48,815 tomorrow and the trading range is up to $57,242.

2. $52,461 will form support the week after, as it moves to $63,690 (resistance)

3. We  then look for a move towards the March highs of $86,000

Below  $46k next week and there is a risk of moving back down to $37,769


ETHEREUM Primary Cycles.

If long, stay long, especially if trading above $1666

If looking to add positions on Ethereum, I would be waiting for it to hit $1240-65, and if this plays out, it might be another month and the start of April before it gets going again.


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