Crypto optimized bollinger band indicating squeeze on bitcoin currently, tight price action range is currently happening. Expect a large break to happen soon. Alot of bullishness on indicators as well as a uptrend and downtrend line bitcoin has been respecting. The bullish macd cross as well and the exhausted bear momentum has me leaning towards a bull break. First swing target will be a retest of double top at around 12k. Good luck.
Note
Due for a healthy correction here, my target will be 8050-8400.Note
Note
Also beware of a poss H&S formation from the 7838 neckline. Very early to say but something to keep in mind.
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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.