Bitcoin Danger Zone!! Assessing Bullish And Bearish Arguments For BTC Price And - Investment - Nairaland
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| Bitcoin Danger Zone!! Assessing Bullish And Bearish Arguments For BTC Price And by Ronald85roy: 7:42am On Apr 30, 2023 |
My price target WAS 34k, with the INV HNS pattern. But we have problems Bullish argument: INV HNS Weekly 30 and 50 cross MACD in the green Bearish argument: Reversal divergence RSI daily and 4hr Low volume Expanding wedge/ bear flag Fake out 27/04/23- shows bullish weakness Currently forming bearish HNS 34 K is still possible, but BTC needs a pullback for RSI to reset. 24k, 22k possible. If so, expect alts to bleed HARD with BTC dominance so high, USD dollar looking for a bounce, and general recession data. Also possible is a new yearly low, it’ll take time, wait for the pullback to confirm, but 10k is the current WCS. I was really hoping for 34k. Oh well…
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