Bitcoin never sleeps and will never DIE ! Monitor price action
To be more clear ! The weekly close need to be above 52.000$ if we want to see more uptrend. but for now, we still can see bearish move ! For those who tell it's bear run now and there's only sell on bitcoin you are WRONG! to confirm that it's a bearmarket, the price action and a weekly candle needs to close below 44000$ which is not really confirmed as we can see.
If you cross the chart to 2017 and 2011, you ll see the same price action on the same moving averages .. we can say that it's the fear who cause this bearish structure, but in general view, bitcoin is going only upper and upper ! All this fear means nothing !
If you cross the chart to 2017 and 2011, you ll see the same price action on the same moving averages .. we can say that it's the fear who cause this bearish structure, but in general view, bitcoin is going only upper and upper ! All this fear means nothing !
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.