BitcoinLong
Where to Now, Bitcoin? $BTC
Bitcoin is acting as if it has found a bottom, at least for the short term. Divergences have appeared on all of the momentum gauges that I track, and so a new wave higher is likely. Of these momentum measures, the most important one to me if volume flow, and that divergence is the least convincing. To early to tell if this begins a new bull run or ends up being just a bull trap, but upside targets of 42k, 45k, and 48k are reasonable, with stops below 36k.
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