Bitcoin Failing To Pump
Hey guys,
It looks like Bitcoin had its little pump from 60K to
64K but now it appears that it can't hold up the price. It keep making lower highs in the short term and the signals look pretty bearish right now.
The MACD has a green dot on the daily but all other smaller time frames are rather bearish. Things can get volatile so we might see some pumps and dumps while the price consolidates. This could go on for another month or two yet before we see the price making a clear direction in the upward trajectory in October.
I'm looking at Bitcoin falling to $58,500 before we do a bit of sideways action with a positive twist.
If you agree with my thoughts please boost and subscribe!
When you need to decide. Let your heart be the guide.
It looks like Bitcoin had its little pump from 60K to
64K but now it appears that it can't hold up the price. It keep making lower highs in the short term and the signals look pretty bearish right now. The MACD has a green dot on the daily but all other smaller time frames are rather bearish. Things can get volatile so we might see some pumps and dumps while the price consolidates. This could go on for another month or two yet before we see the price making a clear direction in the upward trajectory in October.
I'm looking at Bitcoin falling to $58,500 before we do a bit of sideways action with a positive twist.
If you agree with my thoughts please boost and subscribe!
When you need to decide. Let your heart be the guide.
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