Bitcoin is set up two do one of two things at the moment. The bullish scenario would be to have an hour close above 47225 level. With this we would be invalidating our down trend, thus entering an accumulation cycle.
Bearish scenario is to have a close below the level labeled “IP” which is an area we see money pump into bitcoin. We there is failure in holding, weakness in longs, it can go right past majority of the green range. I believe we will see longs come in around the yellow levels, but i think they will fail to hold leading us to the purple level of
44457.
Bearish scenario is to have a close below the level labeled “IP” which is an area we see money pump into bitcoin. We there is failure in holding, weakness in longs, it can go right past majority of the green range. I believe we will see longs come in around the yellow levels, but i think they will fail to hold leading us to the purple level of
44457.