BTCUSD trend analysis
Hello everyone,
This is a very exciting time for BTC. We see that it is in an uptrend hence its volume is decreasing.
This means that BTC is likely to drop to the 0.236 fibonacci level before we can see wether the bull run comes to an end (when the volume starts to increase and is paired with a downmovement in price) and will break through the uptrend that it is following for about a month or so, or wether it will continue to follow the uptrend after tipping th 0.236 fibonacci level.
Let me know what you think ;)
This is a very exciting time for BTC. We see that it is in an uptrend hence its volume is decreasing.
This means that BTC is likely to drop to the 0.236 fibonacci level before we can see wether the bull run comes to an end (when the volume starts to increase and is paired with a downmovement in price) and will break through the uptrend that it is following for about a month or so, or wether it will continue to follow the uptrend after tipping th 0.236 fibonacci level.
Let me know what you think ;)
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