Hello again my friends!
This time I'd like to give some more hope for Bitcoin IF the weekly candle closes above 30.8k USD.
As you see in the chart, there is a very critical value for the price of Bitcoin that will most likely further affect its short term outlook.
The red line is the support that was set from the moves of late January '21 and mid July '21 and...
As stated in my earlier post , Bitcoin is entering the buy zone.
This time, I would like to provide some additional insight on Nasdaq composite index and US Dollar currency index.
Nasdaq, while definitely not looking bullish, is already in a state of preparation for a short term bounce.
How high it might go? I would say at least around 12.5k.
On the other hand,...
Next week is going to be a very interesting week for Bitcoin.
As you see in the chart, the price of Bitcoin is entering the buy zone (it doesn't necessarily mean that a bounce is absolutely imminent).
As of now, the absolute bottom price rests at around 22.9k USD, while decent entries start below 32.5k USD and great entries are right in between (around 28k USD,...
