Bitcoin Long: 70K by December
Okay maybe not by December buttttttt.....
....It could be Jan or Feb but here's the probability. Sitting above 21MA on weekly Historically with Bitcoin this has led to bullish activity within bitcoin. If sitting below the 21 MA there is only twice in bitcoin's history whereby it has remained bullish. Historically and recently bitcoin was sitting marginally above the 21 MA on the weekly chart. On average based on approx 8 previous times when it failed to get above the 21MA on weekly approx 50% gains were wiped. Given bitcoin is sitting comfortably now above the weekly 21MA bullish sentiment and probability is in however more confirmation is needed as th 50-51K resistance must flip to support.
....It could be Jan or Feb but here's the probability. Sitting above 21MA on weekly Historically with Bitcoin this has led to bullish activity within bitcoin. If sitting below the 21 MA there is only twice in bitcoin's history whereby it has remained bullish. Historically and recently bitcoin was sitting marginally above the 21 MA on the weekly chart. On average based on approx 8 previous times when it failed to get above the 21MA on weekly approx 50% gains were wiped. Given bitcoin is sitting comfortably now above the weekly 21MA bullish sentiment and probability is in however more confirmation is needed as th 50-51K resistance must flip to support.
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