BitcoinLong
Bitcoin update - 28.8k next target?
Updated
After a quick price recovery, Bitcoin had a weekly close followed by a daily close with a very bullish hammer at the bottom.
An unbroken downtrend line should be taken into account.
News is already circulating on the internet that the USDC blocked balance will be fully recovered, which encouraged the markets, usually an unexpected event (black swan) is not capable of changing a medium-term asset trend, which also happened with the covid pandemic news.
All going well, fibo points to a target in the 28.8k region on the next leg up.
I'm still long with 12% in bitcoin and 12% in ETH, waiting for a few more closings and an opportunity to buy back more.
An unbroken downtrend line should be taken into account.
News is already circulating on the internet that the USDC blocked balance will be fully recovered, which encouraged the markets, usually an unexpected event (black swan) is not capable of changing a medium-term asset trend, which also happened with the covid pandemic news.
All going well, fibo points to a target in the 28.8k region on the next leg up.
I'm still long with 12% in bitcoin and 12% in ETH, waiting for a few more closings and an opportunity to buy back more.
Note
Megaphone pattern identified in bitcoin, once again bitcoin touched the top end, at this moment it may be pulling back to try to break the pattern, but it is also possible that it fails and comes back to try to break down.
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