Midterm bullish outlook, BUT...
Bitcoin is in a bullish channel since the bearmarket’s low and has now reclaimed the median.
It looks like a retest of lower levels is not necessarily needed if it can hold a while at these levels. Surely one news could let it break down in a blink of an eye..
But technically we could see the third bullish wave now and touch the major resistance 34/35k.
The "but" comes after that. Every high is followed by a low and then it will depend if BTC starts growing parabolic or retests the bearmarket’s resistance and turns it to support for a meteoric rise before halving.
It looks like a retest of lower levels is not necessarily needed if it can hold a while at these levels. Surely one news could let it break down in a blink of an eye..
But technically we could see the third bullish wave now and touch the major resistance 34/35k.
The "but" comes after that. Every high is followed by a low and then it will depend if BTC starts growing parabolic or retests the bearmarket’s resistance and turns it to support for a meteoric rise before halving.
Imagine what could happen if volume comes.
If not on the other side, then it breaks down as quick as it ripped.