Mihai_Iacob

Can Bitcoin rise above 40k?

שורט
BITSTAMP:BTCUSD   ביטקוין
After a short-lived drop under 34, Bitcoin has reversed and now is a correction mode, and, considering 3 consecutive red months, this is pretty normal.
Although dips are bought, and we can clearly see this, I'm not convinced that this is the start of a new bull leg.
At this moment BtcUsd is trading around 38k and a run above 40k would mean only 5%, which is nothing if we look at its usual volatility. Also, such a run would be a perfect bull trap, giving the impression that what was worst is behind us.
Technical resistances are at 41 and 45k and, ONLY above 45k I would start question my bearish outlook

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.