Bitcoin - Long term forecast
Bitcoin starts to show first signs of weakness and distribution. There is a high probability we are at the end of up-cycle, or will be in following week or 2.
To sum up - I am expecting BTC to reach 10600-10800 USD soon. A reaction on this zone will be crucial for next move. Expectation is it will be just a quick reach for liquidityy and we won´t close daily above 10500. In this case, plan is valid.
This thesis is also supported by multiple indicators that are currently in a bearish divergence.
Enjoy!
To sum up - I am expecting BTC to reach 10600-10800 USD soon. A reaction on this zone will be crucial for next move. Expectation is it will be just a quick reach for liquidityy and we won´t close daily above 10500. In this case, plan is valid.
This thesis is also supported by multiple indicators that are currently in a bearish divergence.
Enjoy!
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