Bitcoin / TetherUS
Panjang

🔥 Bitcoin Minor Downside Before Bullish Move

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A few days ago I made an analysis on Bitcoin where I stated that we're currently experiencing the reversal of the downtrend and that more bullishness is coming our way.

🔥 Bitcoin: Back In Business


The first target has been hit. However, target 1 opposed significant selling pressure, and thus the price bounced off slightly and is edging down.

There's a possibility that BTC will make a bear move towards the trend line to turn it into support. Assuming BTC will bounce off from it, it would be a very bullish sign in the short term.

Second target around the previous low still stands.

Happy trading!

Penafian

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