MOST IMPORTANT 12 HOURS OF YOUR LIFE
Bitcoin only has within 12 hours to decide whether to break up or break down. Upwards will give us a price target of around 53k, which is the previous low's 0 fib. Downwards will give us a price target of around 44k, supported by strong volume at 46k.
If bitcoin fails to hold 44k levels, you can kiss goodbye to the bull market and say hello to a "short-term" bear market. I say short term because interest rates are still at all time low (0.01%).
The question now is that, will you hold? Will you risk 10-30% loss for a continuation bull market? Or will you secure your profits now? Furthermore, if bitcoin would to fall, will it be alt season next? Or the whole crypto market will crash with bitcoin?
If bitcoin fails to hold 44k levels, you can kiss goodbye to the bull market and say hello to a "short-term" bear market. I say short term because interest rates are still at all time low (0.01%).
The question now is that, will you hold? Will you risk 10-30% loss for a continuation bull market? Or will you secure your profits now? Furthermore, if bitcoin would to fall, will it be alt season next? Or the whole crypto market will crash with bitcoin?
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.