Phumphat

What are you thinking about BTC for next 50 days?

BITKUB:BTCTHB   Bitcoin
More than 150 days have now passed since mid-December 2020. BTC price is bullish , with a correction every 50 days. Which has been adjusted 3 times .Each time after the correction there was a decrease in the percentage of price growth. BTC is now two possibilities. The first , if this time it is resting to adjust the base and run in the yellow support frame until it passes. BTC will continue to be an uptrend. But if breaking down to the pink supporting area .The price will adjust to a downtrend, with buyers may enter the support in both cases.
Comment: Today the BTC price has come to the first support area to test. In the 4-hour time frame, you can see that there is a slight rebound, but there is still bearish more than bullish candle. Can the first support area resist the huge volume of bearish? Is it change to downtrend? More update is coming soon.