Short Term #Bitcoin Theory
Bitcoin is looking BULLISH.
- #BITCOIN is showing quad bullish divergence on 1HR
- Fed news could've had an affect but Bitcoin has been oversold for days now
- Bitcoin needs to break through 50K resistance and then retest one last time before revisiting ATHs
- Seller exhaustion looks to have peaked as well
Overall, Bitcoin charts are boring right now. Not much going on. Bitcoin is still in consolidation and I expect it to be for the rest of December. Which is why I forecast #BTC visiting resistance at 50K region and then falling to
46K (max pain) region to get one last retest before going back to the 60K region we all know and love.
Bitcoin is still #BULLISH and on-chain metrics look better everyday. Continue to hold. Buy the dip. And DO NOT SELL YOUR COINS AT A DISCOUNT.
NFA. This is not financial advice whatsoever.
Best,
- #BITCOIN is showing quad bullish divergence on 1HR
- Fed news could've had an affect but Bitcoin has been oversold for days now
- Bitcoin needs to break through 50K resistance and then retest one last time before revisiting ATHs
- Seller exhaustion looks to have peaked as well
Overall, Bitcoin charts are boring right now. Not much going on. Bitcoin is still in consolidation and I expect it to be for the rest of December. Which is why I forecast #BTC visiting resistance at 50K region and then falling to
46K (max pain) region to get one last retest before going back to the 60K region we all know and love. Bitcoin is still #BULLISH and on-chain metrics look better everyday. Continue to hold. Buy the dip. And DO NOT SELL YOUR COINS AT A DISCOUNT.
NFA. This is not financial advice whatsoever.
Best,
Disclaimer
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.