Bitcoin is sitting on a very important support in the weekly time frame that is the 2019 ceiling. On a smaller time frame, we saw the formation of a trend continuation pattern as well as long stop positions. According to the onchain data, this is most likely the bottom range of Bitcoin, but it seems that the macroeconomic data has not yet improved. The future of Bitcoin is very promising considering the adoption of countries.
If Bitcoin returns to the demand range, it could start a bullish rally, so pay attention, be sure to enter a long position with confirmation!
If Bitcoin returns to the demand range, it could start a bullish rally, so pay attention, be sure to enter a long position with confirmation!
Trade closed: target reached:
The price is less tired in the time frame, so we need to reach these moments and slowly exit and take short-term profit.
Comment:
I will give you the update soon