Bitcoin Looks Bullish AF on Monthly Chart

18 giu 2020

One strong move up and we'll break out of the years-long descending channel, right as the monthly MacD is about to finally flip bullish. However, it's a long way down to the bottom of that channel if it breaks down. I can only imagine how much money is waiting on the sidelines waiting for a bull market to be confirmed before plowing in, coupled with the fact that the halving just happened. Also, with the Federal Reserve is printing trillions of dollars to keep the entire economic system from collapsing in on itself, it really seems like the timing couldn't be better for Bitcoin to shine. We shall see