Bitcoin 5x Bottom's in Trade I'm taking a 5x long on Bitcoin here. Market sentiment is pretty bearish at the moment. Many traders on twitter and telegram are thinking 6k. Of course anything can happen, but I'm thinking we will hold the weekly 100ma @7765. We can see a sequence of HL and HH has been established.
Also Bitcoin has never closed below the 2day 241ma @6613.
A close below this level would mean doom in my opinion. But being 6 months away from the halving, the hashrate at an all-time high, and sitting on top of the weekly 100ma which is confluent with the previous resistance of early May of this year, I feel we are going up from here.
