Two days ago I made a short-term analysis on Bitcoin. Here I argued that the most bullish scenario would be a break out of the channel and than a re-test of the top trend line to confirm support.
Last night, this exact bullish pattern occurred. In my view, this is very bullish for Bitcoin in the near future. I think that the coming few days are going to be green and that $50k is again in reach.
Next major area of resistance is the $50,5k resistance, which is the top since the drawdown late May.
Happy trading!
Last night, this exact bullish pattern occurred. In my view, this is very bullish for Bitcoin in the near future. I think that the coming few days are going to be green and that $50k is again in reach.
Next major area of resistance is the $50,5k resistance, which is the top since the drawdown late May.
Happy trading!
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