BitcoinUpdated BTC future scenarios
BTC had a massive push over the last week. As a long term holder its somthing I love to see.
I do believe it has alot to do with DXY tanking with the comming election and stimulus talks but in saying that when BTC goes on a run alot of FOMO kicks in and momentium is powerful. Just look at 2017.
13k seems to be holding so if we see a rejection here I can see another retest of 11600 region. If we break the 13k level I can see a nice run to the 14k region as the top of the montly range.
I do believe it has alot to do with DXY tanking with the comming election and stimulus talks but in saying that when BTC goes on a run alot of FOMO kicks in and momentium is powerful. Just look at 2017.
13k seems to be holding so if we see a rejection here I can see another retest of 11600 region. If we break the 13k level I can see a nice run to the 14k region as the top of the montly range.
Note
If we see a fail at this level we could get a nice drop back to the trandline and monthly demand range.
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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.