Bitcoin is going to face pressure from two support lines that you can see on the chart and while people find a lot of correlation between S&P 500 Index Chart to that of bitcoin, we can assume that there's huge volatility across the global markets and not just cryptocurrencies.
I've drawn multiple scenarios for reversal without having an ambitious target like bitcoin maximalists or Cathie Woods. It's possible but not anytime soon.
Stick to entering your positions on any resistance line that could potentially become support.
And stay away from scalping for a few weeks :D
I've drawn multiple scenarios for reversal without having an ambitious target like bitcoin maximalists or Cathie Woods. It's possible but not anytime soon.
Stick to entering your positions on any resistance line that could potentially become support.
And stay away from scalping for a few weeks :D