Bitcoin most bullish in two months
Bitcoin hasn't looked this strong in two months.
A sustained break above 7k would be near term bullish with potential to re-challenge 10k.
If the downtrend continues, I suspect 5k would offer support, with price reaching this level by mid August, followed by a rally.
Bitcoin tends to rally in the 2nd half of the year, beginning in August.
As always, bullish on bitcoin long term. The internet can and will have it's own currency.
A sustained break above 7k would be near term bullish with potential to re-challenge 10k.
If the downtrend continues, I suspect 5k would offer support, with price reaching this level by mid August, followed by a rally.
Bitcoin tends to rally in the 2nd half of the year, beginning in August.
As always, bullish on bitcoin long term. The internet can and will have it's own currency.
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.