michael772

BTC bearish or bullish?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Looking at BTC I can see some sort of accumulation during the last days.
Having a accumulation before the weekend may represent the beginning of a distribution phase.

I am not bearish on BTC. It looks healthy and if there is a small drop during the weekend that may be the beginning of a good uptrend that may bring us up to 42K if the is enough volume.

There is no reason to panic if the weekend brings some bearishness in the chart, it is normal and we can expect some good profit during next week if things do not change too much.

Have a good weekend and take care.

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