Bitcoin - MORE INCREASE? Have to see THIS FIRST

25 thg 9

Bitcoin has been giving us some positive vibes as buying pressure shows up on lower timeframes. We've even managed to keep the price above 60k - an excellent sign of strength.

However, before considering more upside there really is just ONE thing we need to see - higher lows.


For as long as we are unable to breakout ABOVE the diagonal resistance zone, we'll just be stair stepping down into a slowburn, slow decline until point 4 is established and we're ready to complete the final impulse wave up (4-5).



Making higher lows would result in prices back towards the upper 60's, with a successful retest of the neckline support.

EXTRA FOR EXPERTS - Here's how to use the Bitcoin Dominance chart together with the Altcoin market chart to gauge the next direction of BTC:

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BTCUSDT

11 thg 10

Ghi chú

The two scenarios I see for BTC: