Bitcoin is starting to be undecided: what's next?
Today is Sunday again, and this week has not been the best one we could've seen. We started pretty chill until we rallied 42.5k$ and then rejected the next day. Then we ranged at the same prices, with little spikes.
So, what's my opinion for next week? I think that a short-term bearish scenario is more likely to happen now, as we're holding above 40k$ for shorter and shorter periods of time. I'm not saying a bullish scenario could not happen either, but that won't happen unless we break the structure and go at least above 43k and set a higher high.
My outlook is that we're going to break this small range on both sides, and set a high at around 40.7k$ and a low above 37.2k$.
I know I've written a shorter update than usually, but sometimes price action is just not the best. Anyway, I hope again you enjoyed the update!
So, what's my opinion for next week? I think that a short-term bearish scenario is more likely to happen now, as we're holding above 40k$ for shorter and shorter periods of time. I'm not saying a bullish scenario could not happen either, but that won't happen unless we break the structure and go at least above 43k and set a higher high.
My outlook is that we're going to break this small range on both sides, and set a high at around 40.7k$ and a low above 37.2k$.
I know I've written a shorter update than usually, but sometimes price action is just not the best. Anyway, I hope again you enjoyed the update!
Comment:
Nailed it