Bitcoin bottom and rebounce
According to fractal, RSI and Stochastic indicators, Bitcoin has probably reached the bottom. An instantaneous plunge to lower prices is possible, but so it is a powerful burst up to 7k, so a risky investor might lose the rocket when trying to skim the last dollars. I expect a recovery of BTC during the following months, reaching 10k around September.
Besides that, BTC and other cryptocurrencies such as XRP, LTC and ETH may benefit from a looming financial crisis, appearing as a promising reserve of value while being at their bottom prices. Pay attention to the expected downward trend in SP500 and capital fleeing to cryptocurrencies as potential leading indicators of a great burst in cryptocurrencies. In this scenario, 10k might be reached in less than one month as of the date of a potential stock market crash.
Disclaimer: this is not a financial advise. You are fully responsible of your decisions.
Besides that, BTC and other cryptocurrencies such as XRP, LTC and ETH may benefit from a looming financial crisis, appearing as a promising reserve of value while being at their bottom prices. Pay attention to the expected downward trend in SP500 and capital fleeing to cryptocurrencies as potential leading indicators of a great burst in cryptocurrencies. In this scenario, 10k might be reached in less than one month as of the date of a potential stock market crash.
Disclaimer: this is not a financial advise. You are fully responsible of your decisions.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.