Watch the video, hopefully it is self explanatory. If not - drop a message down below!
TL;DR
PS: There is actually more to the analysis than that, but I tried to keep it as short and simple as possible. If you want more explanation, e.g. why I think we've seen the bottom in Bitcoin, let me know in the comments.
TL;DR
- Short term I think Bitcoin will consolidate further, in an extreme move we could even see prices below 20k. But if that happens, I expect it to turn out to be a bear trap.
- I don't think we will see another low for Bitcoin. Even though we are likely heading lower in the short term, I remain very bullish for Bitcoin.
PS: There is actually more to the analysis than that, but I tried to keep it as short and simple as possible. If you want more explanation, e.g. why I think we've seen the bottom in Bitcoin, let me know in the comments.
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