Bitcoin Stays Bullish | TapRoot & $100,000+

14 בנוב׳ 2021

No correction has taken place as prices remain trading above EMA10 and EMA21.

The little correction we've seen so far is not relevant (minor retraces/price swings) compared to the bigger picture/trend.

We will continue with a mid-term target of $100,000 (100k) or $85,000 or more.

We have bearish divergence on both the MACD and RSI but the bears have been given no chance so far.

At the same time we have these divergence both indicators are on the bullish zone.

Short-term we should see $85,000 with mid-term $100,000+.

We are taking the major TapRoot network upgrade as a bullish signal when we compared to Segregated Witness many years before.

The volume is really low and there is no excitement which is good for the bulls, any excitement and hype can only lead to strong bleeding/price drop.

What's your take?
Leave us a comment.

Namaste.