2019 all over again?
Bitcoin is looking to repeat 2019 price action, with this bear run rally.
It would bring us above 40,000$ and then slowly bleed into 2024 and a real bottom, before next halving.
I don't guarantee for the exact days and numbers, but if true, we are in for 40-60 more days of pump, before rest of the year slow bleed to 15-17k area.
Confirmation of this idea: next few weeks close green, consecutive.
Rejection: new low on weekly.
It would bring us above 40,000$ and then slowly bleed into 2024 and a real bottom, before next halving.
I don't guarantee for the exact days and numbers, but if true, we are in for 40-60 more days of pump, before rest of the year slow bleed to 15-17k area.
Confirmation of this idea: next few weeks close green, consecutive.
Rejection: new low on weekly.
Note
Bearish engulfing on weekly complete!Now we await for weekly bullish engulfing and we have confirmation to 40k.
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.
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.