FieryTrading

Bitcoin: Accumulation Before Another Jump

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Since late October, we have seen an amazing surge in the value of Bitcoin. The surges usually don't last long, maybe a day or so. After this exponential growth, Bitcoin enters a phase of consolidation where it "cools down" a bit, and where the whales can accumulate. This has happened for the last five quick surges. You reckon it will happen again?

Every surge comes with an increase in Bitcoin's value of 30-35 percent on average. Assuming we will be entering a consolidation phase, I see the next surge bringing Bitcoin to a value of over $34,000. Be aware that the $30,000 resistance might be quite a hurdle to take.

🎯Official Channel: t.me/FieryTradingChannel

📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free

✅Monster Signals: t.me/monster_cryptosignals

🔥Premium Signals: www.fierytrading.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.