Long on Bitcoin
Long on Bitcoin. Aside from the world's growing acceptance corporately, the techs on the weekly chart look fairly bullish. We'll have some pullbacks and consolidations of course (duh..), but across the horizon and according to structure, we're still progressively bullish. As we've done some rebalancing inside that bear run, we should expect to see some old highs revisited. The liquidity up there could provide the fuel for new all-time highs. Fundamentally, we should expect to see bullish movement due to the ETF situation and the next upcoming halving. Expecting to see a touch near 53k, before a possible pullback to 28k-
31K, which is a zone of a weekly structural high. There's still some imbalance us there, but if bitcoin reaches back to 20k, I'd change my bias.
31K, which is a zone of a weekly structural high. There's still some imbalance us there, but if bitcoin reaches back to 20k, I'd change my bias.
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.