Update BTC | The race towards $53500
First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We are surely entering the beginning of the bullrun, for more details on this hypothesis I invite you to see my previous analyses.
On this one we have seen two divergences between the RSI and the BTC price, one in daily and one in 4h.
We have also recovered our major support which leads us to believe that we may be entering our bullrun.
However, watch out for the invalidation of this one after its rejection towards $53500.
To conclude our main target is towards $53500 before correcting again.
Let's give Bitcoin time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!
We are surely entering the beginning of the bullrun, for more details on this hypothesis I invite you to see my previous analyses.
On this one we have seen two divergences between the RSI and the BTC price, one in daily and one in 4h.
We have also recovered our major support which leads us to believe that we may be entering our bullrun.
However, watch out for the invalidation of this one after its rejection towards $53500.
To conclude our main target is towards $53500 before correcting again.
Let's give Bitcoin time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!
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.