Breakout of declining trendline, signals move up if support hold
Been watching Bitcoin for a while. The market is decidedly bearish on the 15-min, 1-hour, 4-hour timescale but still bullish on the weekly & daily timescales.
What will happen now?
We have bears calling for $8k but I suspect we might see an upside surprise if the bulls can get control after this trendline breakout here.
It really is make or break time for the bulls. If they get control, $13 - 14k is a possibility on the short squeeze and resulting FOMO from the bulls.
Technicals:
What will happen now?
We have bears calling for $8k but I suspect we might see an upside surprise if the bulls can get control after this trendline breakout here.
It really is make or break time for the bulls. If they get control, $13 - 14k is a possibility on the short squeeze and resulting FOMO from the bulls.
Technicals:
- Breakout of declining trendline (but note: previous breakout failed)
- RSI Bullish divergence on Hourly, 4-hour timescales
- Prices bouncing between 50/20 Hourly SMA as bulls + bears fight it out