This weekend may well decide the next few weeks future with Bitcoin looking weak and in what I believe to be a "Stair & Elevator" pattern ~ new to me so not sure how far to fall? At the moment it looks like it could test the $420 ~ $425 levels or slightly lower. Next support around the $412 but not strong as is $400 due to a thin Ichimoku cloud, so in any case would like to see a bottom put into this short term correction before going long again. Otherwise, we will probably go back to the $320 ~ $330 level fairly briskly?
Of course as always Bitcoin can always surprise on the upside and so we retest the recent Bull Line to shoot to $508 + and so make $680 and then $850 ~ $900.
Of course as always Bitcoin can always surprise on the upside and so we retest the recent Bull Line to shoot to $508 + and so make $680 and then $850 ~ $900.
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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.