BitcoinLong
Bitcoin Daily Outlook
*Bitcoin is showing some promise of a short-term recovery, I'll look to buy the market up from any retracement's.*
Daily:
Bitcoin closed as a bullish doji after breaking out of the wedge consolidation we’ve been trading in-between for the last two weeks. We have seen a bullish move towards $32,000 as expected and I do believe we have room to push up towards $35,000 or potentially higher before going lower. My overall macro bias remains bearish but I believe we are charting a short-term bullish recovery pattern that will push the market up slightly higher. Since we have now hit $32,000, I will begin to look for opportunities to continue buying up the market. Any breaks below our current support would send us into a sharp decline down towards $25,500.
Intraday:
The intraday was active at times with a volatile and choppy range being created. We saw a dip taking out buyers before pushing up $1,000 and then returning to a consolidation in the middle of the range. I will look to buy the market up from any dips we see towards $30,000.
Daily:
Bitcoin closed as a bullish doji after breaking out of the wedge consolidation we’ve been trading in-between for the last two weeks. We have seen a bullish move towards $32,000 as expected and I do believe we have room to push up towards $35,000 or potentially higher before going lower. My overall macro bias remains bearish but I believe we are charting a short-term bullish recovery pattern that will push the market up slightly higher. Since we have now hit $32,000, I will begin to look for opportunities to continue buying up the market. Any breaks below our current support would send us into a sharp decline down towards $25,500.
Intraday:
The intraday was active at times with a volatile and choppy range being created. We saw a dip taking out buyers before pushing up $1,000 and then returning to a consolidation in the middle of the range. I will look to buy the market up from any dips we see towards $30,000.
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