BitcoinLong
BTC May see 54000 this feb
Hello traders. price has been respecting the ascending Chanel since 26000 level, currently facing a resistance at 48000 but we see a strong bullish momentum in the weekly and monthly timeframe, this is due to strong BTC Fundamentals including a weakening Chineses stock market inwhich it effects are felt all over Asia, making asian investor increase their Bitcoin portfolio. a break above 48500 we may see price approach thew 54000 level.
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.