medstudent

BTC returning to mean, sideways movement until mid-end March.

Long
medstudent Updated   
COINBASE:BTCUSD   Bitcoin
Clearly as seen by the chart, BTC is returning to it's mean. It's going to (most likely) bounce off support at $5800 minimum and start a movement back up. First target will be around $9k. If it breaks through that resistance, it will go for $11k. If it breaks through that then it's going to moon.
Comment:
Mooning does not mean that it will go to ATH. It will have a breakthrough to 15k-$17k and make its way down again after.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.