Bitcoin will play with us for a while before it allows something
Updated
BTC - a more detailed view (white arrow) shows the possibility of filling the triangle, which, through its apex, will drop down to approximately $90,000 - $90,300 to collect liquidity and gain strength for further growth. In this way, it will gather liquidity from both above and below and can then once again attack the $100,000 threshold and try to go even higher. This seems more likely to me than a sharp upward move. We shouldn't go lower unless some other unexpected event occurs in the world.
From a long-term perspective, however, a decline may occur. It is even possible that we have already seen the peak of the bull market.
From a long-term perspective, however, a decline may occur. It is even possible that we have already seen the peak of the bull market.
Trade active
Blue arrow - long term (1H and 1W chart) - neutral
Purple arrow - long term (1H and 1W chart) - pessimistic
Red arrow - long term (1H and 1W chart) - pessimistic, but with a positive ending. This situation can occur if support takes hold and liquidity adds momentum.
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.