BitcoinLong
Breakout time
Hey guys, its been a while since my last analyze. Today I want to analyze the current btc situation. Volume is getting lower and lower, a triple bottom is forming currently while the daily RSI is massive oversold. Price is also at the lower Bollinger bands. If there comes no huge FUD in the next days I expect a final breakout from bearish zone above 11000-12000 $ within a few weeks. The otherside is: if we go lower then 6400 $ the bearish trend is still active, then I have to renew my analyze but until then lets hope for strong bulls and no price fall under 6400 $.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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.