Hello everyone,
Looking at the btc chart and the macro environment we are currently in, I predict a btc pump towards 27k.
Yes I am still bearish in the mid term but bullish in the short, the following are my reasons.
1. Btc selling pressure is losing steam,
2. The DXY is losing steam and
3. Stocks are expected to pump this final quarter due to the release of quarterly report numbers.
Therefor I expect btc to make a push to the downward trendline from 69k (as seen on log scale).
This also coincides with the golden pocket of fibonacci and a heavy resistance zone previously set on btc.
Happy longing!:)
Looking at the btc chart and the macro environment we are currently in, I predict a btc pump towards 27k.
Yes I am still bearish in the mid term but bullish in the short, the following are my reasons.
1. Btc selling pressure is losing steam,
2. The DXY is losing steam and
3. Stocks are expected to pump this final quarter due to the release of quarterly report numbers.
Therefor I expect btc to make a push to the downward trendline from 69k (as seen on log scale).
This also coincides with the golden pocket of fibonacci and a heavy resistance zone previously set on btc.
Happy longing!:)