Bitcoin looks a bit frothy
The signals are flagging bitcoin as being a bit frothy and in need of a healthy retracement.
Bitcoin could retest around $50 000 within the next the next 2 weeks. Hopefully it continues to spike thereafter.
This is a short term view...
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
Bitcoin could retest around $50 000 within the next the next 2 weeks. Hopefully it continues to spike thereafter.
This is a short term view...
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
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.