Ometrading

BITCOIN BULLISH SCENARIO 32000 USD?

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders!

¿What's going on?

As I posted previously, I really doubt that Bitcoin is going to see price levels below 25.000 USD on the next weeks. It would be too much pain and fear for the market.

Before a new crash, I think we will see this week a new bullish impulse, reaching price levels of 31.000 USD - 32.000 USD.

On the chart, you can see a classic impulse & retracement formation. If the 1H candle closes above the EMA9 we can see a bullish today. If it fails, the scenario is totally invalid.

What are you expecting?

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.