(This is not financial advice)
Hey guys, this is a quick analysis on Bitcoin of which I am very bullish on right now. To be honest the main reason I even made this analysis in the first place was I just had a feeling Bitcoin is breaking 60k for new highs this week and this just concluded it for me, as well as news from Paypal adding crypto withdrawl etc. and Chipotle maybe adding it to there balance sheet. BTC is coming out of its second range box and at a price of around $61200. It has followed this pattern what looks to be two times now and is also bouncing off supports on a uptrend. I also set up a short term smaller support that it has been following pretty well the past few days. The last thing that makes me bullish is the Pitchfork that it seems to follow pretty well that it bounces inside of. Overall I am a big crypto fan and there is never a bad time to buy BTC but for the short term this is a good buy and I have a PT of $77600. This will also help stocks like $RIOT $MARA $BTBT $VYGVF $MA $V $PYPL.
Be sure to leave a comment and let me know what you think and like and follow.
Thanks!
- Vlaire
Hey guys, this is a quick analysis on Bitcoin of which I am very bullish on right now. To be honest the main reason I even made this analysis in the first place was I just had a feeling Bitcoin is breaking 60k for new highs this week and this just concluded it for me, as well as news from Paypal adding crypto withdrawl etc. and Chipotle maybe adding it to there balance sheet. BTC is coming out of its second range box and at a price of around $61200. It has followed this pattern what looks to be two times now and is also bouncing off supports on a uptrend. I also set up a short term smaller support that it has been following pretty well the past few days. The last thing that makes me bullish is the Pitchfork that it seems to follow pretty well that it bounces inside of. Overall I am a big crypto fan and there is never a bad time to buy BTC but for the short term this is a good buy and I have a PT of $77600. This will also help stocks like $RIOT $MARA $BTBT $VYGVF $MA $V $PYPL.
Be sure to leave a comment and let me know what you think and like and follow.
Thanks!
- Vlaire