Bitcoin is looking BULLISH.
- #BITCOIN is showing quad bullish divergence on 1HR
- Fed news could've had an affect but Bitcoin has been oversold for days now
- Bitcoin needs to break through $50K resistance and then retest one last time before revisiting ATHs
- Seller exhaustion looks to have peaked as well
Overall, Bitcoin charts are boring right now. Not much going on. Bitcoin is still in consolidation and I expect it to be for the rest of December. Which is why I forecast #BTC visiting resistance at $50K region and then falling to $46K (max pain) region to get one last retest before going back to the $60K region we all know and love.
Bitcoin is still #BULLISH and on-chain metrics look better everyday. Continue to hold. Buy the dip. And DO NOT SELL YOUR COINS AT A DISCOUNT.
NFA. This is not financial advice whatsoever.
Best,
- #BITCOIN is showing quad bullish divergence on 1HR
- Fed news could've had an affect but Bitcoin has been oversold for days now
- Bitcoin needs to break through $50K resistance and then retest one last time before revisiting ATHs
- Seller exhaustion looks to have peaked as well
Overall, Bitcoin charts are boring right now. Not much going on. Bitcoin is still in consolidation and I expect it to be for the rest of December. Which is why I forecast #BTC visiting resistance at $50K region and then falling to $46K (max pain) region to get one last retest before going back to the $60K region we all know and love.
Bitcoin is still #BULLISH and on-chain metrics look better everyday. Continue to hold. Buy the dip. And DO NOT SELL YOUR COINS AT A DISCOUNT.
NFA. This is not financial advice whatsoever.
Best,
