Mihai_Iacob

Bitcoin- New leg up is probable

Long
BITSTAMP:BTCUSD   Bitcoin
In my previous Bitcoin analysis I said that although I'm quite bearish in the medium term, a leg up can happen on Bitcoin.
Indeed, we had this first leg of correction with BtcUsd rising from 45.500 to 49.500.
Now Bitcoin is in a slight correction of this first leg up and is dropping slowly putting in a flag pattern on our short-term chart.
A new leg up is pretty probable at this moment and my target for this correction can be reached (52-53k zone).
As I said multiple times, only and only Btc above 53 would change my medium-term perspective to bullish.

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.