Bitcoin Corrected, What’s Next?

Back in July, I did a tutorial identifying the 120,000 level as a potential peak for Bitcoin, with the possibility of an open correction. Bitcoin subsequently formed a double top before pulling back to its recent low.

In my view, Bitcoin should continue to trend along this parallel channel.

We will discuss why this is the case, and also what may come next for Bitcoin after this correction.

Mirco Bitcoin Futures and Options
Ticker: MBT
Minimum fluctuation:
$5.00 per bitcoin = $0.50 per contract

Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.

CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/