Bitcoin going to 26-28k?
Looking at this weekly chart of bitcoin, we seem to be in a newly formed channel after just putting in a higher low. The first target for my swing long would be the middle of the channel which coincides with the .382 of the previous high seen at the top. This target lies at 23400 ish. if we can break above the midline I think a touch of the downward trendline is possible for bitcoin which has confluence with the .618 and .66. Because we all know that bitcoin likes to overshoot targets, my personal bias would be that we are going to the 28k region before continuation of the downtrend.
Since everybody is expecting btc to have a red september (as it has had mostly).. i am expecting it to be green... also taking into account that the DXY is at a rather big resistance area, we could see the DXY moving down for a bit, which would mean btc moving up!
Since everybody is expecting btc to have a red september (as it has had mostly).. i am expecting it to be green... also taking into account that the DXY is at a rather big resistance area, we could see the DXY moving down for a bit, which would mean btc moving up!
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