What will Happen to bitcoin? Technical analysis

in hive-175254 •  4 years ago 

Screenshot_20210205-185731.png

 Bitcoin was bullish this week, but doing my analysis today, Bitcoin could return to $34000 next week. On four hours time frame, the price respected the bullish channel this week.                   
 Price breaking channel support can send us to $34,000 if we take a closer look. I will be looking for appropriate confirmations for a short term sell because I'm bullish long term. The price is now 37,000 dollars. 
  Let me know in comment section what you think about bitcoin so that we can rub minds together.

Note
What is double top?

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.investopedia.com/terms/d/doubletop.asp&ved=2ahUKEwiUoZu2r9PuAhWTrHEKHTf2DqgQFjAOegQICBAE&usg=AOvVaw3d_4abXLhtgszOxCs_wMF_

What is a channel?

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.babypips.com/learn/forex/trend-channels&ved=2ahUKEwiwoITor9PuAhUFThUIHYnaDysQFjAPegQIBRAB&usg=AOvVaw3A2yAJv4opIp3UtwHRCMKT

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