Two Scenarios for Bitcoin
After the previous local correction we are now well on the way to our next targets and slowly shifting bias from short-term bullish to cautiously bearish.
With volume steadily decreasing, giving us divergence on the 4h MFI and the daily MFI entering the critical zone (70-80), we are currently approaching a few key price targets at 50.345$ (already reached) and the resistance zone of 51.500$-51.800$.
These could lead to some interesting short-opportunities, before #BTC heading back up in a more long-term perspective.
With volume steadily decreasing, giving us divergence on the 4h MFI and the daily MFI entering the critical zone (70-80), we are currently approaching a few key price targets at 50.345$ (already reached) and the resistance zone of 51.500$-51.800$.
These could lead to some interesting short-opportunities, before #BTC heading back up in a more long-term perspective.
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