BITCOIN: LONG

Currently trading: @ 29544

We expect bitcoin to be bullish in the next coming months
with its bull run reaching 89,000 before Jan 2024,
Buy entry @ 29500 with a possible fall to 20,000* will
give you a risk to reward ratio of 6.1*
As you can see from the chart bitcoin has recently bounced off a major support "up-trendline"
which acted as support trendline for bitcoin from April to November 2020.

Key entries
Note: Bitcoin has turned bullish on the H4, 1D & 1W chart

Buy
@ 29,500
Buy limit
@ 20,000

Link to previous analysis below

Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.