Bitcoin will See 75000$ until end of the November!
After previous leg up from 30K zone up to 52K zone we are in pullback and I believe that Bitcoin will see new ATH until November.
For now and in 4H time frame we are moving in a descending channel so market is bearish in short-term.
Flag Pattern
Bitcoin has made a flag pattern in Daily chart and breakout of upper flag trend line which is located in same place with current descending channel will cause next move up.
On Chain Data
On chain data shows that big players are Accumulating in these areas which is a bullish sign.
Bitcoin has two scenarios for now
Generally Bitcoin is bullish IMO and I think that Bitcoin will go upper but there can be a New LL before going up.
breakout can happen sooner if Bulls hold current support trend line, If not Bitcoin will fall up to 38K area.
Thanks for your attention, Please Like This post and Write your opinions here to support me and discuss more.
Good Luck.
For now and in 4H time frame we are moving in a descending channel so market is bearish in short-term.
Flag Pattern
Bitcoin has made a flag pattern in Daily chart and breakout of upper flag trend line which is located in same place with current descending channel will cause next move up.
On Chain Data
On chain data shows that big players are Accumulating in these areas which is a bullish sign.
Bitcoin has two scenarios for now
Generally Bitcoin is bullish IMO and I think that Bitcoin will go upper but there can be a New LL before going up.
breakout can happen sooner if Bulls hold current support trend line, If not Bitcoin will fall up to 38K area.
Thanks for your attention, Please Like This post and Write your opinions here to support me and discuss more.
Good Luck.
評論:
Breakout happened
