DU09

BTC/USD - Bitcoin shows STRENGHT, despite volatile markets! 🧐

Long
BITSTAMP:BTCUSD   Bitcoin
Did you know that historically all military invasions since 1960s were a great time to BUY as the market rallied after?

Same for the Russian invasion of Ukraine, the FEAR in the market at that time was a great BUY opportunity. So far, this proves accurate.

BTC continues to make higher lows and appears to have formed a mild uptrend (dotted line). Yesterday's red candle gave us some anxiety that BTC may fall, but look at us today, back in green... and it is a MONDAY.

Curious price action.

Lets see if this uptrend remains intact, if so, then BTC may actually be consolidating under $40k before the breakout...

Lower timeframes like 12-hours are already bullish. So this looks promising.

Bias is somewhat bullish and the whole market may pump as soon as BTC breaks above $40k. Most altcoin charts corrected over 70-80%... so... yeah. I would not dismiss a nice pump.

Note, I am not saying we are reversing here and going into a new bull market, not really, but this downtrend seems to be coming to an end.

Time will tell, lets see.

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