- Let's zoom out and take a look at the
- The price couldn't break the main downtrend line. Could say this is another false breakout just like May 2019
- On the other hand, come this time the market is very . Just had the Bitcoin halving we've all been waiting for since it last halved in 2016, and da global pandemic with J Pow going brrr with the money printer
- Right now is the decision point for Bitcoin . Are we going to see a dump back down to $7750 or continued consolidation along $8650 until it breaks out sideways of this downtrend
- I think the latter. Can see this by the weekly confirming trend reversal we're about to go up
- The next few weeks is crucial, if Bitcoin dumps it's going to stay low price all summer going into the fall
- Currently waiting on this monthly close to tell us where price is going, close above $8650 will be good going into the summer
- Everybody still calling $4000 Bitcoin has a small balance, bears had their shine during coronavirus.
Thank you bears for your money!!!! Long since $4800 1st touch of the uptrend.