Who will wins the battle, Bulls or Bears?
Bulls are very strong right now, they made a green week of life for Bitcoin. They destroyed the great wall of Bears at 6800.
But they now must to destroy 3 new great walls. First the resistant line at 7700 then those 2 trend lines.
If Bulls win this battle it's very likely to see a new Bullish trend to much higher levels.
May the Force be with you.
And this looks like a huge, 4 month long Bullish Divergence to me.
Bulls are very strong right now, they made a green week of life for Bitcoin. They destroyed the great wall of Bears at 6800.
But they now must to destroy 3 new great walls. First the resistant line at 7700 then those 2 trend lines.
If Bulls win this battle it's very likely to see a new Bullish trend to much higher levels.
May the Force be with you.
And this looks like a huge, 4 month long Bullish Divergence to me.
Note
First attack to 7700 wall has been failed:Note
Today bulls made their move. They came out strongly and upward from Bull-flag and they passed the 7.7k wall.Now the 7.7k line can work as support line for Bitcoin. In next few hours price will consolidate between 7.7k and bearish trend lines. If bulls not be exhausted we can see Bitcoin higher than Bearish trend line. But if they can't hold their position we can see Bitcoin in much lower levels, maybe near the 6.8k line.
Note
Bulls have win the battle! they breaked all the resistances in battleground.The new target is around 6.6 to 6.8k. If Bitcoin break the resistance of EMA 200 line then we can see it higher than 9.2k or 10k very soon.
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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.