Possible Bull and Bear scenarios for BTC in the upcoming weeks

So we are currently testing the support area for the third time. Historically speaking, the last two times we tested this area, we rallied up to the resistance area between 9k and 12k. However, when a support is tested multiple times, it loses its strength and that is one of the reasons why I, personally, am more bearish than bullish . A lot of confluence is pointing to 3k at the moment, which seems too low are totally unrealistic, but if put in context with the too high and totally unrealistic parabolic rally we had in December, 3k would actually make a lot of sense. If we do visit 3k, think of it this way, you could buy waaaaaaay more BTC at that price! Good luck people!

Kommentera:

Bear Scenario is still in play.