BITCOIN: LONG
Currently trading: @ 29544
We expect bitcoin to be bullish in the next coming months
with its bull run reaching 89,000 before Jan 2024,
Buy entry @ 29500 with a possible fall to 20,000* will
give you a risk to reward ratio of 6.1*
As you can see from the chart bitcoin has recently bounced off a major support "up-trendline"
which acted as support trendline for bitcoin from April to November 2020.
Key entries
Note: Bitcoin has turned bullish on the H4, 1D & 1W chart
Buy
@ 29,500
Buy limit
@ 20,000
Link to previous analysis below
Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
We expect bitcoin to be bullish in the next coming months
with its bull run reaching 89,000 before Jan 2024,
Buy entry @ 29500 with a possible fall to 20,000* will
give you a risk to reward ratio of 6.1*
As you can see from the chart bitcoin has recently bounced off a major support "up-trendline"
which acted as support trendline for bitcoin from April to November 2020.
Key entries
Note: Bitcoin has turned bullish on the H4, 1D & 1W chart
Buy
@ 29,500
Buy limit
@ 20,000
Link to previous analysis below
Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
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