BTC on a higher trend!

20 Mei 2020

After the recent dump from 9.7k to 9.3k, it still made an higher low. This shows that BTC will hit the 0.618 Fib retracement which is at 10.5k before making a fall towards 9.1k. After which it can go towards the 13k target by this year end. We are looking at the retrace of 1.618 which crosses 21K by June/July 2021.

Bitcoin is known for its vigorous price actions, it has always stood out when the market is down. Even today as the world is going under an economic meltdown, we see that BTC is picking up.
Bitcoin was bought to this world when the 2008 recession had hit. By 2010 it got its value and ever since it has been validating its price towards Gold. By 2025 it is suppose to flip the gold price. As institutes and investors has shifted their mind about BTC and investing on it, it shows the Rise of Bitcoin.

20 Mei 2020

Catatan

The RSI is low, this gives the Bulls to buy the dip and sell the top at 9% profit and then short it with the 13% profit. this is a good trade which will run the whole month.
If the price rejects now, it will hit the support and try to retrace the the whole down .
Just be careful as Bitcoin has shown us it can fall from any price or trend.