BTC can be super bullish, be careful with shorts
Updated
Recently, I have observed several things in the Bitcoin market that give me the feeling that a period of growth is approaching. I see that the price of Bitcoin is currently at the bottom of the bullish flag and the descending triangle. The MFI is low below 20, indicating overbought conditions, and the ADX is high, indicating a strong trend. All of these factors give me the feeling that we could soon see the price of Bitcoin rise.
According to my estimate, the price of Bitcoin could move towards $95,000 USD. I think that if the breakout from the bullish flag and descending triangle is confirmed, and if the market sentiment remains positive, we may be really close to this price target. I am sharing this as my own estimate based on technical analysis and my market observations.
Also not forgetting the dominance of BTC, there was a perforation of the descending trend line, so be careful with shorts.
According to my estimate, the price of Bitcoin could move towards $95,000 USD. I think that if the breakout from the bullish flag and descending triangle is confirmed, and if the market sentiment remains positive, we may be really close to this price target. I am sharing this as my own estimate based on technical analysis and my market observations.
Also not forgetting the dominance of BTC, there was a perforation of the descending trend line, so be careful with shorts.
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