🔥 Bitcoin Confirmed Support: Back To $50k

٢٩ أغسطس ٢٠٢١

Two days ago I made a short-term analysis on Bitcoin. Here I argued that the most bullish scenario would be a break out of the channel and than a re-test of the top trend line to confirm support.

Last night, this exact bullish pattern occurred. In my view, this is very bullish for Bitcoin in the near future. I think that the coming few days are going to be green and that 50k is again in reach.

Next major area of resistance is the $50,5k resistance, which is the top since the drawdown late May.

Happy trading!