Bitcoin's current Bull trend and 3 month projections.
After the massive sell-off in late January, Bitcoin established a new bull trend. However, evidenced by the price having leveled just around $1280, it suggests there is significant sell pressure in the range of $1,300.
Given the ETF rejection, it is likely skeptics will become increasingly bearish. Although I believe Bitcoin will continue to be bullish throughout the next three months, the rate of growth will be decreased due to this setback.
Over the next three months, I believe Bitcoin will fluctuate between 1100 and $1,300. This is evidenced by the trend lines while taken into account the recent negative news.
I have marked my buy and sell points with green and red ellipses. Within three months I believe Bitcoin will break through the sell pressure at 1300 and continue upward making all of us very very happy.
Given the ETF rejection, it is likely skeptics will become increasingly bearish. Although I believe Bitcoin will continue to be bullish throughout the next three months, the rate of growth will be decreased due to this setback.
Over the next three months, I believe Bitcoin will fluctuate between 1100 and $1,300. This is evidenced by the trend lines while taken into account the recent negative news.
I have marked my buy and sell points with green and red ellipses. Within three months I believe Bitcoin will break through the sell pressure at 1300 and continue upward making all of us very very happy.
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