Bitcoin: Currently Bullish
There are two bullish pin bars on the chart right now. It is also on support of previous resistance. I am expecting these two path ways for Bitcoin. I won't be surprise if the blue path will happen, but I think we will more likely see the orange path. Confidence is back in the market and price reflects that. Once there are too much FUD in the market, it won't have the same effect over time. It becomes same thing different day, mentality. That is why when something is on a big run, one bad news can drive price severely down. Therefore, one good news can drive Bitcoin and alts back up very high. What are your thoughts?
Trade with care.
Trade with care.
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.