BTC bullish view ! Price might go up !
Hi lads.
BTC is still at the bottom of the ascending channel and trying to find a support at the moment. With SPX500 and NASDAQ being bearish with strong sell volume, BTC could go lower to 19.5k area at some point. But the important support area is between 19.3k and 20k area. I think bitcoin will find support at that range will head to higher levels.
As i said before, BTC is still in its bear cycle. it is bearish in mid term. but i expect a short term bullish move.
Support levels and resistance areas are clearly shown in the chart.
Good luck and trade safe.
BTC is still at the bottom of the ascending channel and trying to find a support at the moment. With SPX500 and NASDAQ being bearish with strong sell volume, BTC could go lower to 19.5k area at some point. But the important support area is between 19.3k and 20k area. I think bitcoin will find support at that range will head to higher levels.
As i said before, BTC is still in its bear cycle. it is bearish in mid term. but i expect a short term bullish move.
Support levels and resistance areas are clearly shown in the chart.
Good luck and trade safe.
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.