BTC BULLISH
Updated
BTC is looking nice right now. I think we are going to see a double top and a small dip then break that big downtrend. Weekly RSI about to break out and I see bitcoin 4.06% hitting 20k by May. If I don't I will be surprised. Whales are liquidating there short positions at the moment which is a good sign. Bearish scenario we break below 5k than I can see it hitting $3500 but i do not see that happening as the amount of volume there was at $6000 was too high.
Comment
I said $5000 because of the 50MA. Breaking below that would make me think we will hit $3500 but again I don't see Bitcoin going below $7000
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.