Bitcoin Weekly Full Analysis (GOING UP MID-LONG TERM - $20K+)

7 באפר׳ 2020

Bitcoin (BTCUSD) is starting to look good weekly... What are your thoughts on this below?

• The recovery continues to take place.
  
• The bullish candles continue to close.
  
• The trading volume is still low.
  
• The Bitcoin Halving is yet to come.
  

With prices moving above EMA100 ($7332.3), Bitcoin (BTCUSD) starts to look so much better... This is the weekly timeframe.

On a Tuesday, the week is just starting so we still have a long way to go, meaning that we remain open to see this chart changing.

Now, if prices close above EMA100 by the end of the week, we can see additional growth.

Bitcoin On The Daily Timeframe


Shorter-term, looking at the daily timeframe, Bitcoin has been growing slowly and steadily and there is no reason for this to stop... I am still cautious though because I am seeing signs of weakness as this recovery takes form.

My view still remains the same... We have another strong drop ahead before Bitcoin enters a bull market and produces long-term gains.

The Bitcoin Halving 2020 is getting closer, this event will create lots of volatility but the long-term projection remains up.

In the case you are having worries or fear because of the global economic disturbance that is now on... Just remember, this exact same cycle has happened many, many times before... And every time, we come out stronger, better, smatter in every single way compared to the way things were before the catastrophe took form.

Do your part by sharing light...

• Invest in yourself.
  
• Grow yourself.
  
• Become healthy.
  
• Fix/improve your space.
  
• Apologize to those whom you love.
  
• Remember yourself that you are alive.
  
• And continue to follow your heart.
  

Wishing you great success, health, security, strength, and everything that you need to get through this, become inspired and learn to live and love life once more.

So, where do you think Bitcoin is going?
My long-term view is UP!

Namaste.

7 באפר׳ 2020

הערה

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Bitcoin (XBTUSD) Daily (D) Timeframe

🅱️ Bitcoin Bearish Divergence With MACD (Support Levels Marked)