Midterm bullish outlook, BUT...
Bitcoin is in a bullish channel since the bearmarket’s low and has now reclaimed the median.
It looks like a retest of lower levels is not necessarily needed if it can hold a while at these levels. Surely one news could let it break down in a blink of an eye..
But technically we could see the third bullish wave now and touch the major resistance 34/35k.
The "but" comes after that. Every high is followed by a low and then it will depend if BTC starts growing parabolic or retests the bearmarket’s resistance and turns it to support for a meteoric rise before halving.
It looks like a retest of lower levels is not necessarily needed if it can hold a while at these levels. Surely one news could let it break down in a blink of an eye..
But technically we could see the third bullish wave now and touch the major resistance 34/35k.
The "but" comes after that. Every high is followed by a low and then it will depend if BTC starts growing parabolic or retests the bearmarket’s resistance and turns it to support for a meteoric rise before halving.
Nota
BTC impressively holding position though volume is still low.Imagine what could happen if volume comes.
If not on the other side, then it breaks down as quick as it ripped.
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