BTC Which Way? Pump or Dump?
I have read with awe over the past few days articles calling for traders to short BTC, and I ask myself what is the basis for these BTC short calls, I have looked at the charts over and over again and all I see is BTC coming to the 60k zone.
Everyone is expected to (DYOR) however, from my technical analysis desk ( not feelings or assumptions) I see BTC coming to do a retest of 2021 All Time High (ATH), and that high is in the 60k zone.
So in my opinion BTC will strike the 60k zone ( the area in- between the two blue lines in the chart below) before any reasonable retracement if there ever will be any.
I will continue to provide update on this upward movement to the 60k zone until it occurs, if market conditions or sentiments changes, I will provide updates on it as well.
My stance at the moment; BTC (Bullish) and ongoing to the 60K zone
This is not an investment advice, so let your own research guide your investment decision,
