BitcoinLong
Bitcoin Bullish Accumulation
Updated
Bitcoin is building a nice accumulation around the $44,000 price and is looking to break this resistance point for another move on the upside.
We could see it reach for the 50K price point.
If we fail to break the current resistance price, we will see a drop to the 38K support level.
Long term super bullish for Bitcoin, although I believe we are due for a short correction to cool off the gains ending 2023. Cheers!
We could see it reach for the 50K price point.
If we fail to break the current resistance price, we will see a drop to the 38K support level.
Long term super bullish for Bitcoin, although I believe we are due for a short correction to cool off the gains ending 2023. Cheers!
Trade closed manually
Was not able to reach the target of 50K but we did close the trade at 48K. The Bitcoin ETF news was another case of buy the rumor, sell the news. We have now broken the support level of 44K and looks like we will be heading to 38K based on the major price levels.
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