Bitcoin: What's Next?
Hello everyone! My last BTC short is still active. I have sold 70% of my position after hitting target 2 and my trade stop is still active at 40.8k
As bearish as the last 4 months have been, Bitcoin has painted 3 higher lows since March 23rd. We have seen a little life as well, with a couple strong attempts to breakout over the past 2 weeks.
I am expecting another attempt and I am watching 41k closely. A strong push past 41k and we could see some continuation. But, rejection from 41k could be trouble as well.
My next move will depend on the price reaction at 41k.
As bearish as the last 4 months have been, Bitcoin has painted 3 higher lows since March 23rd. We have seen a little life as well, with a couple strong attempts to breakout over the past 2 weeks.
I am expecting another attempt and I am watching 41k closely. A strong push past 41k and we could see some continuation. But, rejection from 41k could be trouble as well.
My next move will depend on the price reaction at 41k.
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