Bitcoin
Short
Updated

Can Bitcoin drop under 50k before a new bull run?

32 321
After passing above 40 BtcUsd has had quite a run and almost reached 60k
At this point, the main cryptocurrency seems a little tired and a correction could come.
This will not deteriorate the strong bullish trend by a bit, just gives us the opportunity to buy at a better price
That being said, I will look for buying signals between 47 and 50k if indeed we will have a correction
Note
Is under confluence sipport
Let s see
Note
An update is in order for this analysis because it reached 20k view and ppl are not looking at the date:
The analysis is posted on 22 Feb, this is my current view on Bitcoin:

Bitcoin- New leg down towards 42k?

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.