Bitcoin bottom formation !
Part 3 : According to many indicators, Bitcoin is now in the zone of the formation of the bottom, I noted the potential zone where the bottom can be formed. We can see some kind of flash-crash before the start of growth, as it was during covid19 , to collect liquidity and throw out weak hands. Therefore, I assume a fall even to 14k. Moreover, Bitcoin now looks weaker than the American market, so if the S&P500 goes to test the previous low, then bitcoin will renew its own one of $17,5k.
As the conclusion cancellation of the negative scenario for bitcoin will be the return of S&P 500 above 4200 and Nasdaq above 12650
As the conclusion cancellation of the negative scenario for bitcoin will be the return of S&P 500 above 4200 and Nasdaq above 12650
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.