The recent increase in price of Bitcoin (BTC) from the oversold area is a strong signal of a new bull market. With the current price at $23,369, the technical analysis suggests a potential rise to $240,000 or even higher in the next few years. The chart shows a possible month-to-month movement of BTC, reinforcing this bullish outlook. Additionally, increased interest and adoption from both the public and private sectors in the cryptocurrency market are positive indicators for Bitcoin's long-term prospects. Overall, the trend for BTC is bullish, and the future looks bright for the largest cryptocurrency by market cap.
Trade closed manually:
The idea is on hodl. We probably will need more pain before up
Comment:
What ...As of Dec 2nd, we have started matcing the lines.... Yikes... What if? What if not?
Trade active:
As of today, BTC seems to be doing quite close (not exactly) same as the chart. What is in store for BTC in near future in next 1-4 months?
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