BitcoinLong
LONG BITCOIN AT ~$8600 BULL RUN OR MORE ACCUMULATION?
Hi traders, this is a very simple low risk trade long bitcoin at around $8610, put orders in a bit higher u don't want to miss out. We were in accumulation for about a month. The real question is are we on the path to ATH or are we going to accumulate a bit longer. I think we will accumulate a bit longer but who really knows? The main reasoning is that there is still 6 months till the halving and bitcoin definitely got ahead of itself when pumping in the summer. Also the monthly level 9950 will not break very easy. Take profits at any levels I have marked especially at 9950. If we close on the daily above 9950 it is safe to say we are going to all time highs. I don't believe we will break and close below $8600, but time will tell. AS you can also see we are above a medium term trend line that was once part of the wedge BTC broke out of to the downside not too long ago.
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