BitcoinLong
Update on BITCOIN price trend
Ok, so on my previous idea, i have stated that we will see a complete bullish reversal on this bearish trend since December.
The correction went lower than i expected and even went down as low as 6K. Right now BTC price is going up BUT, be cautious!
I personally think there are still a few dips before it can really go full time bullish (chech the stoch RSI which does say its being overbought). see the above chart. In line with my previous idea, I'm still eyeing middle of feb to be the month where we all can sit happily watching the btc price continue to grow. The bullish trend might take some time for it to beat the all time high of 20K. I dont expect it to reach that end of feb but probably Late march or early April.
Cheers!
Vince
The correction went lower than i expected and even went down as low as 6K. Right now BTC price is going up BUT, be cautious!
I personally think there are still a few dips before it can really go full time bullish (chech the stoch RSI which does say its being overbought). see the above chart. In line with my previous idea, I'm still eyeing middle of feb to be the month where we all can sit happily watching the btc price continue to grow. The bullish trend might take some time for it to beat the all time high of 20K. I dont expect it to reach that end of feb but probably Late march or early April.
Cheers!
Vince
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.
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.