I expect Bitcoin to finish a XWY move which should bring the crypto currency to a 8000-7000 price level. This area around 7K will then be a very interesting decision point wether we can get another impulsive up leg long term and remain bullish overall or wether we go under the 7K level in which case I don't expect a bigger recovery of the bitcoin price anymore in the longer run. (take a look at my big picture analysis of Bitcoin to understand more).
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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.