After more than 3 months of consolidation Bitcoin produced a bullish breakout.
The bullish breakout has been going for a few days only... Crash? Not so fast!
3 months of consolidation is a really long time. There is no need to consolidate for 3 months just to challenge the previous high and "crash" two days later... After a strong bullish breakout, Jan-March, this new breakout is the continuation of this initial bullish move.
This is the bigger picture though, higher highs and higher lows.
As for the short-term, we need to focus on the numbers, guessing can lead to mistakes... If we just randomly guess, we can get it wrong.
If BTCUSDT trades above $29,600 - $29,800 the short-term bias is strongly bullish.
This bias remains bullish all the way to $27,350...
BTCUSDT is currently trading above $30,000, which means, super strong. 100% bullish.
There is no need to look for nor expect a crash with such a strong price, only if the support levels above fail we should look for more low.
Since the price continues strong even with 3 days red, we remain 100% bullish unless the chart changes.
The entire Cryptocurrency market is set to continue growing for weeks if not months.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.