Bitcoin is oversold, I would recommend a buy in and a stop loss at the bottom support, if it breaks through that it might head to 8k.
Short Term: Bullish
Mid Term: Bearish
Long Term: Bullish
Here's where I currently stand with Bitcoin:
BTC:
SHORT TERM - BULLISH
MID TERM - BULLISH
LONG TERM - BULLISH
Taking a look at short term at least, we see a bounce off the same Fibonacci Retracement level twice and we see a golden crossover in our MACD. I would be willing to make the bet that Bitcoin is green in the next day.
Now for our long term...
