Bitcoin (BTC) Update [4/21/22] - BULLISH - A Rally Coming?
Bitcoin looks like it it has bottomed
out around the 38,600 level. It has been
trending up in a tight range since
January of this year. If it continues
trending up, watch for another rally
over the next couple of days/weeks
up to the 48,000 - 50,000 range.
From there, will see what happens.
If it continues in this tight range, we
will see it fall back down to the
42,000 Area. If it shows strength,
it may rally much higher. Will be
watching and updating as it unfolds.
out around the 38,600 level. It has been
trending up in a tight range since
January of this year. If it continues
trending up, watch for another rally
over the next couple of days/weeks
up to the 48,000 - 50,000 range.
From there, will see what happens.
If it continues in this tight range, we
will see it fall back down to the
42,000 Area. If it shows strength,
it may rally much higher. Will be
watching and updating as it unfolds.
Comment:
I realize that I forgot to consider that we were going to get FED news of the rate hikes in May. This led to a mass sell-off in the markets shortly after I posted this. This is one of those times where we need to consider our fundamentals along with our technicals due to a very big important economic impacting news piece that could send the market one way or another.