BitcoinShort
$BTC Remains Bullish Despite Tariff Fears
Market is panicking over Tariff Wars, but ₿itcoin continues to remain in a bullish uptrend.
BTC got rejected hard at 104k on the Weekly, and has closed below the 9WMA.
Strong possibility of price trading $94-91k. A range for a few weeks might appear painful, but will give the market time to reset and accumulate all that liquidity for the next leg up.
Price is nowhere close to the 20 or 50WMA, so there’s nothing really to worry about structurally at this point.
The Bull Case is price is closing above the .382 Fib, so we could slingshot up if we get some bullish catalysts next week.
WHEN IN DOUBT, ZOOM OUT.
BTC got rejected hard at 104k on the Weekly, and has closed below the 9WMA.Strong possibility of price trading $94-91k. A range for a few weeks might appear painful, but will give the market time to reset and accumulate all that liquidity for the next leg up.
Price is nowhere close to the 20 or 50WMA, so there’s nothing really to worry about structurally at this point.
The Bull Case is price is closing above the .382 Fib, so we could slingshot up if we get some bullish catalysts next week.
WHEN IN DOUBT, ZOOM OUT.
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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.