Bearish case:
- BTC efficient miners won’t mind some period of low prices, since that will cleanse the mining industry. The survivors will be rewarded thanks to the difficulty adjustments and the BTC price increase after the halving (due to lower supply and (likely) increased demand).
- The world situation is still quite delicate so some more downside price...
BTC has been sideways for a few days. Volume is decreasing and some key levels are going to be tested soon.
Bullish:
- Daily candle closing above December lows for 3 days in a row
- Ascending triangle pattern
The target would be at the 61,8% fib level which coincides with the 200 DMA. A big resistance will be met at that level.
Bearish:
- A death cross has...
