Shafay

Bitcoin $8000 , maybe or maybe not?

POLONIEX:BTCUSDT   Bitcoin / Tether USD
A bear run to $8000 is slowly becoming impossible as the price tightly holds itself at $9500-$10000.

Reasons why $8000 is unlikely

1 - This will break the historic trend line means a Bitcoin trace back to even below $8000
2 - Support is stronger on the current level
3 - RSI already oversold
4- BB says market already is loud

Reasons why $8000 likely

1 - MACD pointing downwards
2- B Bands looks louds still (Not squeezed)\
3- Low volume
4- Some FUD (Tether) well maybe
5 - Pennant broken downtrend likely to continue

Trade at your own risk.

If you like my work don't forget to tip :)

Tip :

BTC -3.83% : 13dB8bdNwNmYdNem5KhnCGb1S9iM1ZNgZV
LTC : LcWFNjq8n1rgAkf5ZcgiHs8fcRXqb5tfxW
DOGE : D7mUH48M5SN5vi3R2p5RzWPpyypkRjeCE6

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.