The trend is your friend - 12k around mid of June
Hi bulls and bears,
Technical Analysis: We are still following the same trend since our mid of March doom. We might extend our trend to the blue zone to refuel and shake out the weak hands, but overall the trend is still bullish. In my opinion we will either go straight up from here (after accumulating for a few more days) or back to 8k - 8.5k (where MA200 and outer line of trend meet) and then back up. Bulls are buying the dips and at 8 - 8.5k we have a strong demand zone.
Fundamental Analysis: now stronger than ever - FED is willing to give out unlimited amount of cash to banks. Governments will keep printing money and a vicious cycle is starting which cannot be reversed. Bitcoin Halving just happened and supply will be less and less...I have never been asked by so many people about Bitcoin than in the last couple of months.
Target for mid of June is 12k, if trend holds.
Let me know what you think. Happy trading to everyone.
Technical Analysis: We are still following the same trend since our mid of March doom. We might extend our trend to the blue zone to refuel and shake out the weak hands, but overall the trend is still bullish. In my opinion we will either go straight up from here (after accumulating for a few more days) or back to 8k - 8.5k (where MA200 and outer line of trend meet) and then back up. Bulls are buying the dips and at 8 - 8.5k we have a strong demand zone.
Fundamental Analysis: now stronger than ever - FED is willing to give out unlimited amount of cash to banks. Governments will keep printing money and a vicious cycle is starting which cannot be reversed. Bitcoin Halving just happened and supply will be less and less...I have never been asked by so many people about Bitcoin than in the last couple of months.
Target for mid of June is 12k, if trend holds.
Let me know what you think. Happy trading to everyone.
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