Bitcoin still got steam in its rocketship? or Time to refuel?
Bitcoin has been on a nonstop trip to 50k. Today it broke out of the flag and headed to 51.6k. I'm skeptical of a pullback, just based on the history of Bitcoin. The thing is... 2021 is a whole different story for the asset and the money coming in is not what it was in 2017.
Long story short, if bitcoin closes above the bull flag, I think it's going to 55k.... If we start to see some weakness in close and a rather ugly close, I would suspect a pullback is coming.
Long story short, if bitcoin closes above the bull flag, I think it's going to 55k.... If we start to see some weakness in close and a rather ugly close, I would suspect a pullback is coming.
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.