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forsel
May 13, 2021 1:56 AM

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

Bitcoin all time history indexINDEX

Description

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.
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