Bitcoin — Turning Bullish?

Although small steps, Bitcoin has gradually increased since its drop to 60k. Although we had extremely low volume during the weekend, the price moved towards 63k. Moreover, once the Asian markets opened, Bitcoin continued to climb and currently aims for 64k.

All good? Personally, I am still convinced that this move is sustainable. Although the bullish indicators gain more weight again:

* The chart setup looks healthy and bullish

* Many economic indicators have become increasingly bullish (U.S. labor market data, European inflation rate, BoJ strategy, etc.)

* And the fact that the 4th quarte has historically been the strongest

On the other side, I can't push the alerts aside:

* Middle East tensions

* Low volume

* Low whale acquisition

As a result, I would enter trades only with a short-term horizon and use a tight stop loss. So, you are safe in case we get another drop to sub-60 levels.

Overall, I don't think the bearish factors have a sustainable impact. On the contrary, I believe they will trigger another short-lived sell-off that initiates a massive upside move.