BTC has fallen down due to some things in China... Everyone can find this out on the internet.
But on the technical side, BTC broke the trendline it held for several months!
After the drop, we have seen a nice pullback which means we are still in a bull market!
Right now it might be forming a nice H&S pattern.
We can also see a nice divergence on the RSI.
We need to broke the old triangle resistance line!
In the long term, I am still super bullish and I am expecting BTC to hit a 6digit number this year!
Remember drops are healthy and quite usual, use them as a nice opportunity to buy!
But on the technical side, BTC broke the trendline it held for several months!
After the drop, we have seen a nice pullback which means we are still in a bull market!
Right now it might be forming a nice H&S pattern.
We can also see a nice divergence on the RSI.
We need to broke the old triangle resistance line!
In the long term, I am still super bullish and I am expecting BTC to hit a 6digit number this year!
Remember drops are healthy and quite usual, use them as a nice opportunity to buy!
