BTC: Forecast on the Four Hour.
Bulls have made a statement surprisingly quickly after months of bearish tone by avoiding a pullback so far and struggling even higher (on the Daily we are well above the Bollinger bands). While BTC is still due for a correction, recent price action indicates the overall market sentiment has shifted in favor of the bulls, meaning it may not drop as low before charging higher.
Bulls have made a statement surprisingly quickly after months of bearish tone by avoiding a pullback so far and struggling even higher (on the Daily we are well above the Bollinger bands). While BTC is still due for a correction, recent price action indicates the overall market sentiment has shifted in favor of the bulls, meaning it may not drop as low before charging higher.
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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.