BTC coming off the inverse head and shoulders and breaking out of the 6 month downtrend.
It’s looked sluggish since, but there is still a bull flag forming. Not the strongest I’ve seen, but a retest is at the bottom of the bull flag at 8k
8k in a few days for a retest. If it breaks back down out of the bull flag and back into the 6 month downtrend region, then I can see the bears 5k chant becoming a reality.
Until then, this is a bull market. Don’t let anyone’s agenda convince you otherwise without the technicals to prove it
It’s looked sluggish since, but there is still a bull flag forming. Not the strongest I’ve seen, but a retest is at the bottom of the bull flag at 8k
8k in a few days for a retest. If it breaks back down out of the bull flag and back into the 6 month downtrend region, then I can see the bears 5k chant becoming a reality.
Until then, this is a bull market. Don’t let anyone’s agenda convince you otherwise without the technicals to prove it
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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.