Quick analysis on Bitcoin, it broke the 6-month downtrend that was formed in June run-up to $14,000.
Now since the peak, everyone was saying oh we're popping up this week or so and so week, but all we were doing was trying to break this downtrend.
Now that we've broken it and retested the start of the $14,000 move at the $6544 weekly level, i'm confident that we're done falling and going to see a $9950+ Bitcoin very soon.
The daily close above $7500 support level as well as tested out of the downtrend was huge. From here we'll either hug this trendline and accumulate along $7500 until we eventually go up, or we'll skip that and just go $9950 within this month.
As always please do your own research, I am not a financial advisor.
Now since the peak, everyone was saying oh we're popping up this week or so and so week, but all we were doing was trying to break this downtrend.
Now that we've broken it and retested the start of the $14,000 move at the $6544 weekly level, i'm confident that we're done falling and going to see a $9950+ Bitcoin very soon.
The daily close above $7500 support level as well as tested out of the downtrend was huge. From here we'll either hug this trendline and accumulate along $7500 until we eventually go up, or we'll skip that and just go $9950 within this month.
As always please do your own research, I am not a financial advisor.
