Long term downwards trend potentially broken
A possible bullish reversal for Bitcoin is present now that the downwards wedge has been broken. All is not clear yet though. For confirmation we need to see a few things first.
1. Confirmation on the volume. We need to see larger volume candles.
2. We need to break above the previous high.
3. We need a bullish signal on the MACD.
If all goes well we could be looking at prices around €12000 in a few months.
1. Confirmation on the volume. We need to see larger volume candles.
2. We need to break above the previous high.
3. We need a bullish signal on the MACD.
If all goes well we could be looking at prices around €12000 in a few months.
Ghi chú
We are right at resistance now. A weekly close above 8500 will be very bullish. Still fairly low volume. Could be the calm before the storm.Ghi chú
About to break bullish as the momentum is turning. Would still like to see higher volume, but the MACD and price action is still bullish.
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