BTC_Update 1W BTC, All eyes on the weekly close👀 Need a weekly close above $25.2k for a confirmed breakout and for a rally up to the $30k Level...
Reminder of bullish factors: - end of falling wedge - breakout completed - huge bullish divergences - blue pill (Hash Ribbons indicator, not in this chart) - bottom found (Puell Multiple indicator, not in this chart) - reversal signal (Network Value to Transactions ratio, not in this chart)
in the 30000 area, the market is definitely on the rise.
Based on my TA Bitcoin have bottomed out already !
Are we almost at the bottom? Potentially, yes! Are we going to experience dramatic sell off in the last month(s) of the bear market? Potentially, yes! The roadmap presented might vary in timing but the targets of support come from fib ratios. The first one of around 5100 can be easily reached if we break the support of 5800 and hit all the stop losses. With...