BTC/USD
The monthly candle closed bullish and a pullback from 14k High is now over as the Bitcoin manages to hold EMAs on the monthly time-frame.
Bitcoin is likely to play an equilibrium in the longer period and currently has the chance to retest the previous swing High at 14k.
If you are a longer-term trader/investor, stop loss should be placed under 6k or previous swing Low because if BTC breaks this level.
We could expect the price to come down to 4k - 3k again in the future.
But as long as BTC holds these EMAs on the monthly chances we are on already bull run.
The monthly candle closed bullish and a pullback from 14k High is now over as the Bitcoin manages to hold EMAs on the monthly time-frame.
Bitcoin is likely to play an equilibrium in the longer period and currently has the chance to retest the previous swing High at 14k.
If you are a longer-term trader/investor, stop loss should be placed under 6k or previous swing Low because if BTC breaks this level.
We could expect the price to come down to 4k - 3k again in the future.
But as long as BTC holds these EMAs on the monthly chances we are on already bull run.
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