Long

Bitcoin possible forcast

Updated

Bearish or Bullish?
Bitcoin possible forcast

Note

So far so good!
Ok, as mentioned BTC went long and has gained 10% till now.
Currently, based on price action there would be a crucial situation which price already touching descending trendline and printed a new higher low at point 2 (red) and 38.2 fibonacci retracement.
If bulls could break the descending line and price gain momentum, next target (10000$) would be possible.

Note

*typo = lower high

Note

Ok, Point 2 (Black) has been achieved, in order to have a healthy uptrend we should see a fresh higher low (pullback).

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