Looking at the Bitcoin chart on the 12-hour time frame we can see that Bitcoin caught support @ 33k along several support lines and this upwards channel. Now it looks like BTC is going to consolidate around the $36,000 area until it closes over $39,696 - $41,337 and starts to head in a more bullish direction.
The fear/greed index bottomed out at 8/100 and that's extreme fear. Buy when others are fearful and stacking for the long term it's like a fire sale right now.
The new monthly candle is tomorrow
I believe Bitcoin is going to trend sideways for a bit inside this channel until we breakout back to the 45-50k region.
The fear/greed index bottomed out at 8/100 and that's extreme fear. Buy when others are fearful and stacking for the long term it's like a fire sale right now.
The new monthly candle is tomorrow
I believe Bitcoin is going to trend sideways for a bit inside this channel until we breakout back to the 45-50k region.
