A closure above the green line on the daily will be the signal for uptrend continuation whilst a closure below the redline signals a downtrend and we should what out for the pink rectangle on a downtrend. An uptrend confirmation can take us to $76k before any consolidation and we might just be on the way to $100k before any major fall.
In my personal opinion, BTC still needs to make some reasonable correction before the journey to $100k but hey, this is crypto where psychology and sentiments drive price. I am of the opinion that we might never see Bitcoin below $15k because of the level of awareness and interest as well as used cases established in conjunction with the uncertainty around COVID-19 and its impact on several nations' economies. With all these being said, it does not hurt to be patient and wait for price action.
Patience doesn't hurt.
Trade wisely as profit not earned is better than capital lost!!!!!!!!!!!!!
Regards
In my personal opinion, BTC still needs to make some reasonable correction before the journey to $100k but hey, this is crypto where psychology and sentiments drive price. I am of the opinion that we might never see Bitcoin below $15k because of the level of awareness and interest as well as used cases established in conjunction with the uncertainty around COVID-19 and its impact on several nations' economies. With all these being said, it does not hurt to be patient and wait for price action.
Patience doesn't hurt.
Trade wisely as profit not earned is better than capital lost!!!!!!!!!!!!!
Regards
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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.