BitCoin is still bullish in the Long-term.

9 במאי 2021

BitCoin is still bullish in the Long-term. BTCUSD

Recently, most of the funds in the crypto market have been transferred to Dogecoin(DOGEUSDT).

The price of Bitcoin has been in a consolidation pattern since it reached a high of USD.64895 on April 14th, and it is still in a sideways order at USD.52000-5900 (as shown in the yellow box).

As shown in the graph, the current price is still oscillating within a narrow range within the yellow box. From the big cycle, it is still in the "uptrend channel", and it is still bullish in the long term. The only difference is that it directly oscillates upward and breaks through the upper resistance of the "uptrend channel", or falling to the lower support first, and then gradually rises.

BitCoin is still bullish in the Long-term:

1. Buy at low price level. (support)
2. Break through the upper resistance of the "Uptrend Channel" to chase long.

Recent range: USD.50000 - 65000

Update: May 10. 2021
Forecast validity: 20 - 60 Market Days.