Bitcoin- Still bullish, but lost its power
Updated
Yes, I'm bullish Bitcoin in the long run, but in my opinion, sometimes, in the near future, a deep correction will happen, and the road "to the Monn" will not be a straight line.
I have 2 main reasons when I say that bulls lost their power:
1. The ATHs are anemics
2. The trend line and horizontal support are touched too many times , are too obvious, and to make money trading should not be so simple
Of course, I'm not recommending shorting a bullish market, but these signs represent a big alarm in my book.
Time will tell, but a still expect 40k zone for a buy and hold.
Best regards
Mihai Iacob
I have 2 main reasons when I say that bulls lost their power:
1. The ATHs are anemics
2. The trend line and horizontal support are touched too many times , are too obvious, and to make money trading should not be so simple
Of course, I'm not recommending shorting a bullish market, but these signs represent a big alarm in my book.
Time will tell, but a still expect 40k zone for a buy and hold.
Best regards
Mihai Iacob
Note
If btc don t hold 59-60k support is bad for bulls
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