forsel

BTC: decision time, can it get above 11-year trendline again?

Long
forsel Updated   
INDEX:BTCUSD   Bitcoin
BTC is right at the decision point now. It is retesting the 11-year trendllne (see my previous ideas). If it succeeds and can make support, then it is looking very positive and I expect we will move up quickly. If not, expect a drop down to 36-38k levels.
Comment:
Current above the trendline, making support. W visible on 5m timeframe with a technical target for ~ USD 51500. Things could go up quickly from there.
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.