Bitcoin is starting to get extreme pessimism from the general public which is usually a sign its nearing the bottom. It's also in a falling wedge. There still could be a chance bitcoin could drop again. If it does some good areas of interest are the areas of support shown above. The 200 weekly moving average has held every time so far. If it does hit the 200 weekly moving average that will be a great buy opportunity. Especially with the halvening coming up in May.
Ladder buys:
$6200
$5500
200 weekly moving average
Ladder buys:
$6200
$5500
200 weekly moving average
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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.
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.