I wouldn't say that I'm 100% bullish, but I can imagine that the end of correction is near.
In my opinion, there is a good possibility for a final dip to 8.75k$, however, I imagine that BTC bounces back slowly if this value is reached by following the bullish trend line.
If this is not the case, then this may be a sign for a mid-term bear market. I don't think this is very likely due to heavy influx of new users from all over the world, whenever the exchanges allow new registrations.
let's see how BTC behaves this week !
All the best, and don't get crazy because of this corrections. Always think that corrections are good for the future: It is a price discovery for lower limits, which gives stability for the future.
PS: Never forget, these are my thoughts/analyses, do your own research!
In my opinion, there is a good possibility for a final dip to 8.75k$, however, I imagine that BTC bounces back slowly if this value is reached by following the bullish trend line.
If this is not the case, then this may be a sign for a mid-term bear market. I don't think this is very likely due to heavy influx of new users from all over the world, whenever the exchanges allow new registrations.
let's see how BTC behaves this week !
All the best, and don't get crazy because of this corrections. Always think that corrections are good for the future: It is a price discovery for lower limits, which gives stability for the future.
PS: Never forget, these are my thoughts/analyses, do your own research!
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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.
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.