Bitcoin is Establishing a Bottom at $53K Area
Updated
BTC is bearish in the short term but still good investment in the long term.
I think if BTC wants to go for ATH break, it needs to establish a strong support in the 53K zone.
I think if BTC wants to go for ATH break, it needs to establish a strong support in the 53K zone.
Note
Target hit. No long entry until we see a reversal sign which is still not highly probable. Pandemic news is on fire now and economy concerns are appearing again.If the current support level at 53K is not held, we might visit
49K and 42.5K.Note
So BTC did not held the support @ 53K and fell down to the target we mentioned in the previous comment ( 42.5K ).Still looking for a better entry.
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.