Bitcoin Headed to $5,000 this month?
Market has been testing the $10,8k level the last 18 hours, and has yet to break through. It is clear that the market is wearing thin of it's bullish tendencies. It also follows my TA well that $10,8000 to $11,400 will be reversal territory.
In another FUD-induced scenario, we could expect BTC to fall to $5,000 - $4,600. Check yourself this weekend, as Monday/Tuesday will likely see some big price movements.
In another FUD-induced scenario, we could expect BTC to fall to $5,000 - $4,600. Check yourself this weekend, as Monday/Tuesday will likely see some big price movements.
Note
Note
UPDATE: After some further analysis, I am now confident we are at the end of Wave 1 of a new bull run for BTC. We will see a pullback this month, but likely to $7,000. Order cancelled
After new insights, I would recommend holding a long position until the $13,000 level.
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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.