WiThConFi

BTC/USD 8H TIME FRAME

Long
COINBASE:BTCUSD   Bitcoin
BTC/USD 8 Hour time frame. It looks like BTC is looking pretty bullish after a strong 40k support hold. This is most likely going to lead to new highs in the upcoming months. I would look into Stock to Flow that is related to the scarcity of Bitcoin and its demand. There is a good medium article by PlanB with statistical analysis that fits 99%.

Here are new targets

Next targets: Oct>63k, Nov>98k, Dec>135k

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.