Nextep

BTC Possible Scenario's

Short
BITMEX:XBTUSD.P   Bitcoin
Not much positive to be said, I don't think bitcoin will outperform in the next 6 months, neither will gold. It's very common in a market crash that all assets drop in value. It's only after the low is set there is a decoupling and "safer" more tangible assets will increase in value. I believe bitcoins LT target is still 350k in the next bullrun. Nevertheless, I woulnt be surprised if it reaches 2600 or even 1200 in this crisis.

I just read charts, and I have seen a couple of things that won't let me see the bullish picture here. Maybe things will change in a couple of weeks, but let's see.

Be safe and HODL ;)
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.