$Bitcoin: On it's way to 3200? Bullish scenario explored
After the trend reversal of Bitcoin early in January this year, BTCUSD is in an uptrend.
There have been some pullbacks on the way, but, the uptrend has stayed intact so far.
Currently, we are witnessing another pullback phase. So, it would be unwise to think of this
as a "dump" as long as the price stays above the 100-day EMA.
As indicated in my chart, I expect Bitcoin to resume the uptrend again and reach 32000
level once this pullback phase is over. Bitcoin between 25500-27000 is a buy for me.
There have been some pullbacks on the way, but, the uptrend has stayed intact so far.
Currently, we are witnessing another pullback phase. So, it would be unwise to think of this
as a "dump" as long as the price stays above the 100-day EMA.
As indicated in my chart, I expect Bitcoin to resume the uptrend again and reach 32000
level once this pullback phase is over. Bitcoin between 25500-27000 is a buy for me.