Wilsondave

Bitcoin could go deeper

BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin has been bearish for some period of time now.Everyone is curious and has one question in mind which is"when is the bulls coming?".Well no one has an idea when and where the market is likely to reverse but based on some basic technical analysis I think price is not far from having a some twist and turn which will be very exciting.As of today bitcoin has been around the 27k figure which is at a discount price.Ideally, the whales could be thinking of taking a part in this space by buying.However we could see that some fair value gap(a fair price inwhich the bulls participated in the market excluding the bears) which hasn't been filled yet.It could be fair to cover those gap by giving the sellers an opportunity to participate in the market.This could see price get to 19k to 13k price level which will be a well discounted price to see d whales buying from.I guess this article would be insightful to you.Stay blessed

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.