Long

BTC Analysis

Updated

looking at the three indicators below its quite clear that bitcoin is bottoming out. there is alot of support that either we already have bottomed out or we are really really close to the bottom. one other piece of information is there was a gap that was filled recently on the btc futures chart. we all know that was the last major gap that needed to be filled. that being said i am confident within 2 years we will hit the upper band of the blue broadening wedge and BTC will be at 100k. The first resistance level will be at 40k indicated by the squiggly line getting pushed down but eventually breaking upwards above. Although we have certain macros that are pushing prices down currently such as FED Reserve increasing interest rates. there's increase in functionality and demand for crypto which would create a massive boom within the crypto market.

Note

PS

this is a Monthly Chart to get the big picture

Note

we may dip one last ime but you should be loading up at these levels if you ask me

birdy619

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