First off this isn't a investment advice , educational purposes only.
Lets start with the volume, we have decreasing volume bulls and bears, and the past 3 weeks as you can see the bears are also exhausted, we're very much likely to have a bounce on the first support zone, whether it comes back down and hits the second target no one is sure but we know that its more probable we'll experience a bounce since the the daily RSI is oversold and we're near a major support that bounced up 2 times.
Secondly when we hit our second support zone then we can look to at the charts again to see whether 3,000 is possible or not, In my opinion I don't see that happening yet , reason being is alts would then possibly retrace much too further down unless we have another alt season where alts would rally and hold up during our bearish trend to 3,000
everyone can be 50-50 correct whether BTC gets called 3,000 or 10,000. I'm looking at the likely support targets and what I can tell that is probable 1st and second step
Third I do see BTC is here to stay and would have a rally after its bear so I would be buying up these 2 target zones to hold.
Lets start with the volume, we have decreasing volume bulls and bears, and the past 3 weeks as you can see the bears are also exhausted, we're very much likely to have a bounce on the first support zone, whether it comes back down and hits the second target no one is sure but we know that its more probable we'll experience a bounce since the the daily RSI is oversold and we're near a major support that bounced up 2 times.
Secondly when we hit our second support zone then we can look to at the charts again to see whether 3,000 is possible or not, In my opinion I don't see that happening yet , reason being is alts would then possibly retrace much too further down unless we have another alt season where alts would rally and hold up during our bearish trend to 3,000
everyone can be 50-50 correct whether BTC gets called 3,000 or 10,000. I'm looking at the likely support targets and what I can tell that is probable 1st and second step
Third I do see BTC is here to stay and would have a rally after its bear so I would be buying up these 2 target zones to hold.