Bitcoin - Bull Trap
The recent surge of Bitcoin is indeed noteworthy, surpassing the 30k threshold. However, upon the fulfillment of its sub wave 5, it appears to be a potential bull trap with a possibility of plummeting to a minimum of $12,622.
While we remain optimistic that this scenario will not materialize, we are cautiously monitoring the market to ensure that the winter season is left behind for good.
While we remain optimistic that this scenario will not materialize, we are cautiously monitoring the market to ensure that the winter season is left behind for good.
Note
i am still bearish with the recent increase of the price, though the FED paused the interest rate, market still remains cautious, although some alt coins have impressive increment.
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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.
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.