UPDATE on Bitcoin!

UPDATE on Bitcoin!

By theatdhe | Technical Analysis! | 26 Dec 2020


IMAGE SOURCE: GETTY IMAGES.

 

4 days ago I posted my technical analysis in the most famous crypto out there, on Bitcoin. Check it out here.

After BTC's price reached the all time high many and many people changed their minds on BTC, some others said that this is it, BTC is just a balloon and now it will pop out and it will be worthless. But those who knew two things about price action, understood that it's just a correction and it will shoot up again.

In my previous analysis I posted two case scenarios on how price can react to the resistance on 23409 and support on 22533 area.

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Price broke and gave us a beautiful retest on the 23409 area this indicates that bulls have won the game and we are bullish again.

 

So, what's the best enter on buys again?

 

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Price retested 23986 area after a strong bullish candle to have a better entry we should drop to smaller timeframes in order to have a better view on how price is reacting to the 24536 area, if we do see a good support there and we get our confirmations then we can enter buys from where I expect to reach 30K area.

What do you think about BTC?

 

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theatdhe!

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theatdhe
theatdhe

Crypto lover, dentist, Forex and Crypto Technical Analyst!


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