Look at the MACD there at the bottom
We have a MACD crossing over from an oversold position, below the zero bound.
This is textbook bullish indicator and means bitcoin is very likely starting its next leg up.
(Source: https://twitter.com/PrestonPysh/status/1280895290099355651)
The last time we saw this trigger like this was in late March when bitcoin rallied about $4k over the next month and a half.
I suspect a similar move is going to play out here, taking us at least to $12k.
Maybe to about $14k.
What do you think?
That crossover will have to hold for the next couple of days then you can surmise Bitcoin going higher. $12K should be the first hurdle to aim for. If it gets there, $14K should be in its sights.
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Yep, my thoughts as well.
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Well BTC couldn't stay above the 50-Day MA. Could it be we were getting sucked in again so that the whales can create more activity?
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It has been a laggard compared with tradition markets. That may mean it is ready to dip.
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Well, turns out you read the chart for BTC correctly. It has broken through 10K and 11K. Lets see how far it goes.
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Every now and then I get em right.
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