Bitcoin has 3 directions: Sideways, up, down.
1. Most likely bitcoin will adhere to ETF hype and be pushed sideways by opposing bulls and bears who cannot agree. After the sideways target it can dump to the bottom of the trendline due to a lack of support and people egging FUD.
2. Bitcoin rallies up but meets resistance at 6.9 to 7k. Most likely if ETF doesn't pass (which historically it hasn't) it will just dump again.
3. Bitcoin dumps to 5.6k and bulls rebound hard. If this is the case watch the oversold RSI on the hour.
1. Most likely bitcoin will adhere to ETF hype and be pushed sideways by opposing bulls and bears who cannot agree. After the sideways target it can dump to the bottom of the trendline due to a lack of support and people egging FUD.
2. Bitcoin rallies up but meets resistance at 6.9 to 7k. Most likely if ETF doesn't pass (which historically it hasn't) it will just dump again.
3. Bitcoin dumps to 5.6k and bulls rebound hard. If this is the case watch the oversold RSI on the hour.
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