The generally accepted sentiment is that Bitcoin has been in a bear market of late. Well that depends on your time frame and point of view. One can draw a channel showing that Bitcoin is still in an uptrend and has pulled back and consolidated within the up trending channel. Uptrends need good pull backs and we finally got one. If Bitcoin stays in this channel, Bitcoin is going to march much higher this year, possibly to USD 100,000.
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Market Makers enter here! time to buy!Note
All time high for Bitcoin in 30 days?
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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.