The digital currency was everyone’s darling over the last couple of months. It took us on a heavenly bullish run over quite some time now. However, for about two weeks Bitcoin is struggling to keep up this momentum and has deteriorated. For the second time now, it has reached our yellow box in which we predicted it to turn around and go on another bullish run. Although there we are still positive that the next movement will be upwards and soar past $41969, there is a high chance of 46% that we see a further decline once the price drops below $28540. Therefore, these are crucial times and the Bitcoin needs to remain strong.
It’s now or never at this point!
It’s now or never at this point!
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.