BitcoinLong
Bitcoin Counter trend
Overall retail bias is negative towards #BTC gives a brilliant opportunity for market participants to take advantage of it
BTC overall is still in a bear market and has not reached its end
It is currently at the bottom of a downtrend with encouraging price action of a correction to 39k-40k
-It has potential to reach that price in 1 to 2 months time
TLDR; Short-term reversal possibly imminent
TA: MACD/RSI
MA= 50/100/200 daily, 12 monthly, 55 weekly
Trendlines and Fibonacci
BTC overall is still in a bear market and has not reached its end
It is currently at the bottom of a downtrend with encouraging price action of a correction to 39k-40k
-It has potential to reach that price in 1 to 2 months time
TLDR; Short-term reversal possibly imminent
TA: MACD/RSI
MA= 50/100/200 daily, 12 monthly, 55 weekly
Trendlines and Fibonacci
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.
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.