BTC/USD LOOKING BULLISH
On the BTC/USDT day chart, the price looks to be bullish.
I see a perfect Trend Line breakout.
But there are no strong indications for confirmation.
We have a support zone at the price of 40k in the 4h chart.
As I mentioned in the previous analysis, we might see 30k one more time.
Last year's bearish market ended with a Triple Bottom indicating a bullish price movement.
This time we have many important people getting real about BTC investments.
I'm still bullish long term.
We have to wait and see how the market plays out.
Trade responsibly and manage your risk.
I see a perfect Trend Line breakout.
But there are no strong indications for confirmation.
We have a support zone at the price of 40k in the 4h chart.
As I mentioned in the previous analysis, we might see 30k one more time.
Last year's bearish market ended with a Triple Bottom indicating a bullish price movement.
This time we have many important people getting real about BTC investments.
I'm still bullish long term.
We have to wait and see how the market plays out.
Trade responsibly and manage your risk.
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