BTC is repeating a pattern from the middle of April. That pattern is a Bullish Divergence (which you can read about here
)
Since the last time this pattern occurred, BTC remained in a small uptrend for about 16 days.
Is now the the reversal that is going to start the inevitable run to 100k for BTC? Who knows.
But it does look like BTC can at least bounce back up 17% into the high 50,000s and possibly to 60k.
Please comment, like, and follow for more!
Trade at your own risk
Since the last time this pattern occurred, BTC remained in a small uptrend for about 16 days.
Is now the the reversal that is going to start the inevitable run to 100k for BTC? Who knows.
But it does look like BTC can at least bounce back up 17% into the high 50,000s and possibly to 60k.
Please comment, like, and follow for more!
Trade at your own risk
Overall, I think most people here are long term bullish on BTC. Buy the dip if you want. Also, please practice risk management. Crypto markets are highly volatile