What will BTC do next?
Hello friends! Looking at the 30 minutes chart, you can see that BTC is forming a rectangle with a slope that goes upwards.
So this is Usually seen as a bullish movement. But hey, we are still looking at the 30 minutes chart so don't get too excited, this is a short-term movement.
It seems that this big hard bear period is getting weakened and the bulls are beginning to wake up, but this cold winter is not over yet!
There are still bears everywhere and it seems they are still hungry.
Looking at this rectangle on the *30 minutes chart*, you can see that BTC is not sure yet what it wants to do. Yes, we see an upward slope, but the chance BTC goes below the support line of the rectangle is pretty big and it seems the volume is rising slowly, we could see a reduce to 6.550 dollar but If BTC follows the uptrend and breaks out of the resistance of the rectangle (above it), We could see the Bulls coming back and BTC could go to around 7300-7500. Time will tell..
Stay safe and watch out, the bears are still hungry.
greetings, Krypton.
So this is Usually seen as a bullish movement. But hey, we are still looking at the 30 minutes chart so don't get too excited, this is a short-term movement.
It seems that this big hard bear period is getting weakened and the bulls are beginning to wake up, but this cold winter is not over yet!
There are still bears everywhere and it seems they are still hungry.
Looking at this rectangle on the *30 minutes chart*, you can see that BTC is not sure yet what it wants to do. Yes, we see an upward slope, but the chance BTC goes below the support line of the rectangle is pretty big and it seems the volume is rising slowly, we could see a reduce to 6.550 dollar but If BTC follows the uptrend and breaks out of the resistance of the rectangle (above it), We could see the Bulls coming back and BTC could go to around 7300-7500. Time will tell..
Stay safe and watch out, the bears are still hungry.
greetings, Krypton.
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.
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.