I'd expect BTC to have to fight pretty hard to get above that mental 50k level. However, the pitchfork and fib levels are providing a pretty nice little pathway to breaking through that. We're in a bull market, dips are for buying. The trend is your friend. If I wasn't already long on btc? I'd probably look for a retest of 50k as a good place to enter. I'd also expect BTC to fall through 50k on a retest as whales will want to hunt stops for fuel before we continue onwards towards glory.
TL:DR Let's see what happens at 50k. If you're looking for a long? Probably buy after a 4 hour close back above 50k when we retest it.
TL:DR Let's see what happens at 50k. If you're looking for a long? Probably buy after a 4 hour close back above 50k when we retest it.
Note
BTC is a honey badger. Look at the way it's just fought its way up that .5 pitchfork. If these daily candles can close above that resistance, I wouldn't be surprised to see it come back and test that .5 pitchfork prong, and then to continue on towards 65k. Congrats frens
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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.