I feel that bitcoin is on a new verge of reaching the 2017 range after covid has really decreased the USD. Even paypal is allowing its users to buy bitcoin. There are no new lows being created on the smaller time frames. The 1 hour and 4 hour stochastic is slowly approaching the top while the 5min and 15 min the line is challenging the bottom. I'm guessing that price wont break the previous low and will continue to shoot up towards a new resistance. I'm thinking maybe around the 2k threshold at some point after elections. Price hasn't fallen since the uptrend went viral so I'm going to buy a position and hold for the long run and see what happens towards the end of the year.
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If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT
If you disagree let’s talk this thing out!
I’m a new trader looking to learn and grow with this great community so let’s work!
Hope your trading week is going well!