Bitcoin: Is BTC Ready To Make A Comeback? (October 2019)
- 5 years ago
Bitcoin: Is BTC Ready To Make A Comeback? (October 2019)
Bitcoin (BTC) has been testing the 21 EMA on the 1H time frame for a long period of time and it has eventually broken past that. We have finally seen an uptrend begin and the price could rally higher from here. It might be trading higher than where it is now by the time you watch this video analysis. All of that seems bullish and points to the possibility of BTC/USD making a comeback. There is a falling wedge on the daily chart for BTC/USD that will lead to further upside sooner or later. Short term we can see the price drop further within this wedge but eventually we expect it to break a lot higher to inflict more pain on the bears. That being said, it may yet inflict more pain on the bulls for now.
Bitcoin (BTC) has been testing the 21 EMA on the 1H time frame for a long period of time and it has eventually broken past that. We have finally seen an uptrend begin and the price could rally higher from here. It might be trading higher than where it is now by the time you watch this video analysis. All of that seems bullish and points to the possibility of BTC/USD making a comeback. There is a falling wedge on the daily chart for BTC/USD that will lead to further upside sooner or later. Short term we can see the price drop further within this wedge but eventually we expect it to break a lot higher to inflict more pain on the bears. That being said, it may yet inflict more pain on the bulls for now.