Hi lads.
BTC is getting close to the end of the triangle here. BTC is still moving in 18.5k - 20.2k area and has been consolidating in this area for almost 4 months. The daily volume is increasing so fast and we are hitting all time high daily volume records on binance. A lot of long term holders are sold their bitcoins at that level and on the other hand, a lot of stock market whales and traditional market big players started to buy bitcoin at current levels. In general btc is bullish but it is under the effect of financial markets (SPX500 and NQ) dump.
BTC is still in the bear cycle and i think the moment we hit 13k levels, we can say we touched the bottom. so bear in mind that we havent touched the bottom yet. But in short term like 1 or 2 month period, i expect an retracement. BTC can go up to the levels of 25k to 28k. from there we may start falling again.
So, btc can rise above 25k levels from these two spots : 1) 19k in a bullish scenario 2) 17.8k in a bearish scenario
So, be ready for such scenario.
Also dont forget to like my post and also follow me cuz it helps me a lot.
BTC is getting close to the end of the triangle here. BTC is still moving in 18.5k - 20.2k area and has been consolidating in this area for almost 4 months. The daily volume is increasing so fast and we are hitting all time high daily volume records on binance. A lot of long term holders are sold their bitcoins at that level and on the other hand, a lot of stock market whales and traditional market big players started to buy bitcoin at current levels. In general btc is bullish but it is under the effect of financial markets (SPX500 and NQ) dump.
BTC is still in the bear cycle and i think the moment we hit 13k levels, we can say we touched the bottom. so bear in mind that we havent touched the bottom yet. But in short term like 1 or 2 month period, i expect an retracement. BTC can go up to the levels of 25k to 28k. from there we may start falling again.
So, btc can rise above 25k levels from these two spots : 1) 19k in a bullish scenario 2) 17.8k in a bearish scenario
So, be ready for such scenario.
Also dont forget to like my post and also follow me cuz it helps me a lot.