BTC Bullish or Bearish?
BITB Using an AI Super Trend Indicator, on 1hr intervals, the output showed a moderate strength (3) buy signal. Understanding the high volatility and increased levels of trade volume of BTC ETFs as of late, I am now grappling with the idea that we can expect a bull market for the coin. Enclosed is a rough Fibonacci retracement analysis, which illustrates my theoretical prediction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.