MetzgerNomics

BTC Could Break ATHs Soon

BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC has had an impressive run ever since it hit it's bottom at $28,850 after getting rejected from the $42k level. After crushing ATHs and being in a strong uptrend since the Coronavirus anomaly, Bitcoin has increased about 160% to the upside in only 43 days. Bitcoin was due for a correction and I strongly believe that we found the bottom. BTC could see a big move if it continues to bounce between these support and resistance lines. I am not 100% that BTC will break ATHs in the next few days but it is definitely possible that it can break the ATHs within a couple weeks. The volume is also not as significant in this uptrend. The selling volume after hitting ATHs was much greater than what it is currently. I would like to see some more volume in order to get a better idea where BTC is heading. Good luck trading and investing brothers let's make some gains!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.