Short time bearish. Next year is a year of accumulation?
Bitcoin currently does what it is supposed to, correcting. There are many calls for the 1000 -1200$ price range. However, to reach this price bitcoin needs to break out the main channel that will become a strong indicator of the trend change and that the bears are in full control.
If we will stay inside the current channel it is very likely to have a year of accumulation that will be followed by a rapid price rise.
If we will stay inside the current channel it is very likely to have a year of accumulation that will be followed by a rapid price rise.
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.