Bitcoin still in upward trend. LONG it.
Updated
Bitcoin has been in an upward trend since its mid-cycle low July 20. We see the retracement has bumped up against the upward trendline and a pump has begun from a low of just below 44.000. We have seen several fakeouts today but I believe this recent pump is finally here to stay and continuing towards 50k and beyond.
I am of the belief the correction period is over as of July 20. 20k is not happening ever again. New ATHs will likely occur in October or November followed by a parabolic rally over 100k end of 2021 or beginning of 2022.
Good luck trading,
I am of the belief the correction period is over as of July 20. 20k is not happening ever again. New ATHs will likely occur in October or November followed by a parabolic rally over 100k end of 2021 or beginning of 2022.
Good luck trading,
Note
We are looking now for BTC to put in a higher high for confirmation, about $48,200. It is as of this writing about $700 away. I speculate this rise will see us push to $49,000, possibly 50k within the next week.Note
And idea is confirmed.
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