Bitcoin back above 40k. How bullish is this? Hmm, not so much
After finding strong support and demand in 30k zone, Bitcoin rebounded again and people are calling again for new ATH and 100k, but how bullish is Btc?
From a technical perspective, not at all...
The main crypto is still trading under 42k zone strong resistance at this point and even a break here would not change the bear trend, just expose 47k zone.
Indeed, short-term traders and speculators can look for buy opportunities, but from a "hodl" perspective Bitcoin is still at a high price.
Just my opinion though...
From a technical perspective, not at all...
The main crypto is still trading under 42k zone strong resistance at this point and even a break here would not change the bear trend, just expose 47k zone.
Indeed, short-term traders and speculators can look for buy opportunities, but from a "hodl" perspective Bitcoin is still at a high price.
Just my opinion though...
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