Hi lads.
In my previous analysis i talked about bitcoin mid term bullish scenario and said 19.3k - 19.8k is a very important support area. Untill now, we have seen strength in bitcoin and we saw buyers were active at 19.3-197k area.
Also, SPX500 showed some strong come backs in last hours before the markets get closed. And with strong probability, SPX500 might start the new week with some bullish moves too. With that being said, We can expect bitcoin would go and touch higher levels in the coming week. Another important reason that i think btc will pump other than technical analysis and indicators, is that a lot of people and retail traders are short and bearish on bitcoin. This is where whales and market makers will go against the peoples wishes.
Also,targets for bullish move are shown in the chart and you can see everything in the chart.
Dont forget to like my idea and also follow me cuz it helps me a lot :)
Cheers.
In my previous analysis i talked about bitcoin mid term bullish scenario and said 19.3k - 19.8k is a very important support area. Untill now, we have seen strength in bitcoin and we saw buyers were active at 19.3-197k area.
Also, SPX500 showed some strong come backs in last hours before the markets get closed. And with strong probability, SPX500 might start the new week with some bullish moves too. With that being said, We can expect bitcoin would go and touch higher levels in the coming week. Another important reason that i think btc will pump other than technical analysis and indicators, is that a lot of people and retail traders are short and bearish on bitcoin. This is where whales and market makers will go against the peoples wishes.
Also,targets for bullish move are shown in the chart and you can see everything in the chart.
Dont forget to like my idea and also follow me cuz it helps me a lot :)
Cheers.