Bitcoin Double Bottom Setup?
To me it seems like we may be heading down to our lows in February around the $6,000 level. This is a very critical level that must hold if we want to see any form of recovery soon.
Support is currently being shown on the upward trendline I have drawn, this may force an upward breakout within the coming week or two.
Fundamentally, we also have over 60 crypto conferences coming up in May - this caused a big upward movement last year where we saw the entire marketcap double in almost a month. These next few months will be very critical for Bitcoin so keep an eye on the charts.
Support is currently being shown on the upward trendline I have drawn, this may force an upward breakout within the coming week or two.
Fundamentally, we also have over 60 crypto conferences coming up in May - this caused a big upward movement last year where we saw the entire marketcap double in almost a month. These next few months will be very critical for Bitcoin so keep an eye on the charts.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.