Current pattern is not a bottom, it's a bearflag. Projected target is around the 2500 zone. Expect bigger moves early summer.
Bullish resistance is at 4700 at the moment, and quite strong. Bat pattern forming inside this bearflag pointing at the downward trendline and that solid resistance area.
We could see serious bullish momentum if we get above these.
For bullish resistance above 4800, look at the 200 daily moving average and 6000
Bullish resistance is at 4700 at the moment, and quite strong. Bat pattern forming inside this bearflag pointing at the downward trendline and that solid resistance area.
We could see serious bullish momentum if we get above these.
For bullish resistance above 4800, look at the 200 daily moving average and 6000
Note
Protip: Spot the bearish divergence in the current pattern.Note
as you can tell from the trendline: May, June, July is decision time.Note
by no means do i think 1900 is the 'absolute bottom' figure either - this is just based on the current figures. TA says btc will eventually go up , but fundamentals are fickleNote
Looks like we're going to retest some resistance
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.