Bitcoin Technical Analysis
- Bitcoin is currently trading with a very choppy price action.
- Investor's sentiment washout has been done for 2 months where altcoins got nuked and beaten down badly
- What's cooking next, IMO if you are planning to buy every dip that you see then its better that you do not, crypto in terms of Bitcoin and Ethereum has stayed strong but altcoins are making new lows every day so I prefer adding Bitcoin Solana Ethereum instead of alts
- I am going to keep my eyes on 55,000-56,000$ for Bitcoin it might revisit that
- Don't forget aggressive short sellers are going to open more aggressive shorts that might lead to another round of shorts liquidation up to 68,000$
- Investor's sentiment washout has been done for 2 months where altcoins got nuked and beaten down badly
- What's cooking next, IMO if you are planning to buy every dip that you see then its better that you do not, crypto in terms of Bitcoin and Ethereum has stayed strong but altcoins are making new lows every day so I prefer adding Bitcoin Solana Ethereum instead of alts
- I am going to keep my eyes on 55,000-56,000$ for Bitcoin it might revisit that
- Don't forget aggressive short sellers are going to open more aggressive shorts that might lead to another round of shorts liquidation up to 68,000$
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