Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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We have three peaks, higher highs, great strength and bullishness with Bitcoin (BTCUSD) trading daily above EMA10. And as we always says, our bullish potential remains as longs as the candles are trading above this indicator.
Now, can Bitcoin drop before hitting the $6000-$6200 resistance zone?
We are looking mainly at two different scenarios, and a third one, they go as follow:
1) One last impulse to end the high volume trading weekend to start a retrace before any additional bullish; to gain more strength until the next jump.
2) Retrace now to try again with more force.
3) The third scenario would be to see Bitcoin dropping followed by a little sideways and then drops some more, just to them gives us a great impulse that can take us to $6,000USD plus.
Which one is your take for the weeks to come?
Share your thoughts in the comments section below...