Although many are worried about Bitcoin's price right now I wouldn't worry because...
- If you look at the chart from the beginning of the bull run to now, you'll see that it hasn't broken the trendline that started the run
- A popular tool called Market Cipher has displayed heavy manipulation that hasn't been seen ever in bitcoins history
- The media is releasing stories that are boosting positive market sentiment ( Probably just the market manipulators , hedge funds , trying to make sure the price
doesn't drop to far after tanking the market so they could good get a good price to buy in )
- We saw a big move upward on the 26th of May ( UTC Time ) with volume at lowest it's been in the past 7 days. My research as shown that this is a bullish sign.
However there is a problem coming, and that's the 2nd quartile derivatives close coming in June. If bitcoin doesn't reach at least mid 50k before that dump comes I don't
think it will be able to recover and will go into a bear market via breaking the bull runs beginning trend line.
- If you look at the chart from the beginning of the bull run to now, you'll see that it hasn't broken the trendline that started the run
- A popular tool called Market Cipher has displayed heavy manipulation that hasn't been seen ever in bitcoins history
- The media is releasing stories that are boosting positive market sentiment ( Probably just the market manipulators , hedge funds , trying to make sure the price
doesn't drop to far after tanking the market so they could good get a good price to buy in )
- We saw a big move upward on the 26th of May ( UTC Time ) with volume at lowest it's been in the past 7 days. My research as shown that this is a bullish sign.
However there is a problem coming, and that's the 2nd quartile derivatives close coming in June. If bitcoin doesn't reach at least mid 50k before that dump comes I don't
think it will be able to recover and will go into a bear market via breaking the bull runs beginning trend line.
Nota
My support/resistance lines are drawn using standard deviations.
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.
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.