Look At The Bright Side, Bitcoin Going To $65,000+ After Hitting

Let's look at the positive side and hit like...

Bitcoin is bearish after some really strong bullish action, but this is just a healthy correction taking place.

Yes, we see Bitcoin going lower since the 22nd of February but the trading volume is low and we continue bullish mid and long-term.

We are likely to see prices bounce to ~$50,000+ when EMA50 (~$40000/$41500) is hit.

Then we can have another bearish leg before the Bitcoin price can continue to increase.

At EMA100 we can fully reverse, what's your take?

Remember you can leave a comment if you have any questions or anything to share.

This is Alan Masters.
Thanks a lot for reading.

Namaste.

Kommentera:

When we consider the same scenario above on the weekly timeframe, we are looking at a wick next week that touches EMA10 followed by a bounce in prices... Here is the chart:

Weekly we are going for EMA10 and once EMA10 is hit we also get a bounce.
Bounce timeframes are pointing to this.

The overall trend continues to be bullish.