Bitcoin's next move!... The bulls hoped too early?
price has been following blue curve for over few months now, I was waiting for high of June to get a point to make the curve more accurate.
Seems like that was the one.
What I am expecting at this point is for the price to follow the blue curve, which could possibly end up with the price being at 30-32k this month.
Also there is a death cross upcoming (MA50 going below the MA200) which seems unavoidable at this point. Who knows where this will take us.
Bitcoin shorts have increased to over 25k, compared to 1-2k about 10 days ago. That's over +1500% increase in shorts. Related idea of that is linked below.
Seems like that was the one.
What I am expecting at this point is for the price to follow the blue curve, which could possibly end up with the price being at 30-32k this month.
Also there is a death cross upcoming (MA50 going below the MA200) which seems unavoidable at this point. Who knows where this will take us.
Bitcoin shorts have increased to over 25k, compared to 1-2k about 10 days ago. That's over +1500% increase in shorts. Related idea of that is linked below.
Note
As you can see every time it touched the blue curve BTC dropped by a lot, we'll see what happens.Note
30k is the bottom IMO. I'll see if I can pull out a new TA in the next days.
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Related publications
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.