BTC is clearly oversold on daily and weekly timeframes.
The price already touched 200 MA and soon it's going to bounce hard.
On hourly time frame we can see bullish divergence, falling wedge and declining volume.
And in my opinion it's a great time to buy btc and other crypto as well.
Pessimism and panic is created artificially, we can see blockchain adoption, more interest from big investors and some other positive events around the corner (Bakkt, NASDAQ etc).
DYOR and good luck!
The price already touched 200 MA and soon it's going to bounce hard.
On hourly time frame we can see bullish divergence, falling wedge and declining volume.
And in my opinion it's a great time to buy btc and other crypto as well.
Pessimism and panic is created artificially, we can see blockchain adoption, more interest from big investors and some other positive events around the corner (Bakkt, NASDAQ etc).
DYOR and good luck!
Note
We have a break out!Note
Target almost reached. Most likely price will retrace to 3600 and will continue to go up until it faces significant resistance around 4.8k or 5.5k area.
Trade closed: target reached
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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.