Bitcoin down to $50k then up to $100k
Updated
It appears that Bitcoin is setting up for a powerful, parabolic rally. We are anticipating a slide to the 50k support area, then a strong bullish run to 100k.
Note
The slide is in full effect. We expecting the 50k support area to be reached in the next few weeks.Note
If we get a 4hr candle that closes completely underneath $59,333, Bitcoin is very likely to dump again to around $48,000Note
We got the 4hr candle close underneath $59,333!Trade closed manually
Our long term bias has changed. We currently do not believe that Bitcoin will reach $100,000
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