Long

Bitcoin - Eventually hitting $250.000?

Updated

is looking extremely bullish despite the recent 4 month consolidation.

For more than four months, Bitcoin has basically been moving sideways, experiencing quite volatile swings towards the upside and downside. However we should not neglect the overall bullish behaviour of Bitcoin which is still creating cycle and correction after cycle and correction. Therefore, maybe after a short term pullback, I do expect (much) higher prices on Bitcoin.

Levels to watch: $67.000, $37.000

Keep your long term vision,
Philip - BasicTrading

Note

Quick update on Bitcoin:

Bitcoin is definitely struggling with an all time high breakout. Currently it seems like Bitcoin is once again rejecting the previous resistance towards the downside. However the overall trend of the entire crypto market is still quite bullish!

Levels to watch: $67.000, $32.000

Note

Quick update on Bitcoin:

Maybe it was actually a fakeout, maybe it was not. So far Bitcoin is still not able to break above the previous all time high. There is a lot of up and down on the smaller timeframes but the higher timeframes are still clearly very bullish!

Levels to watch: $60.000, $32.000

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