Bitcoin after suffering a huge correction broke the huge uptrend that was respected for months, but as you can see in the chart there are 2 major downtrends that Bitcoin needs to break and the 1st one just broke up so Bitcoin so you can expect now Bitcoin going up slowly to retest the 7500 resistance and if we break it we will test the strongest downtrend arround 8K-8.3K dollars and after that sky is the limit.
If you want to open longs in Bitmex.com or buy more bitcoin i personally recommend waiting Bitcoin to break the 2nd major downtrend at 8K area.
If you want to open longs in Bitmex.com or buy more bitcoin i personally recommend waiting Bitcoin to break the 2nd major downtrend at 8K area.