Last chance for BTC bears??

27 Mar 2022

Most of us were bearish on bitcoin and were expecting 28.5-30 levels, but with the recovery of Nasdaq and this bullish momentum could we possibly go for more upside? In my opinion 47-49k area(where my red lines are) is the last chance for bears and a good short entry. I expect more upside if we break those levels, we can even reach around 72k and form the FLAG that some bulls are expecting. ( blue trend at the top). Going down from here would be bad for bulls and we will probably retest 37k area and even worse if we break the consolidation ( blue and green line and the bottom). I won't be surprised if we reach 19.5-20k if this angle is broken!(green line)