Hi guys! As awaited Bitcoin has been stopped by tremendous cluster of numerous resistances (5800 overhead resistance, long term descending triangle, 50 week EMA (350 day equivalent)..and others. Sellers seems to start to take their control back.
From the mid-term perspective I expect almost definitely retest of the years lows 3500 and some consolidation before market tells us what next. As you can see I see probability that the price will be on crossroad between further falling or start of the new bull market. In my subjective opinion we will see sub 3K capitulation in the second half of the year!
Teake care!
-DP-
From the mid-term perspective I expect almost definitely retest of the years lows 3500 and some consolidation before market tells us what next. As you can see I see probability that the price will be on crossroad between further falling or start of the new bull market. In my subjective opinion we will see sub 3K capitulation in the second half of the year!
Teake care!
-DP-
