BitcoinLong
Bitcoin next targets & Accumulation?
Bitcoin is still following my previous chart nicely.
It has been in this upwards channel for the past 3 weeks. Until this channel is broken downwards I don't see any problems for the bulls.
I noticed the selling volume (after breaking minor supports, mostly in huge sellspikes) being bought up straight away by big players. And if theres no selling volume bitcoin slowly creeps up in price. That is why I think Bitcoin is still in a likely accumulation phase. My next target is towards 10500$ before retracing a bit (lower high @11700$).
It has been in this upwards channel for the past 3 weeks. Until this channel is broken downwards I don't see any problems for the bulls.
I noticed the selling volume (after breaking minor supports, mostly in huge sellspikes) being bought up straight away by big players. And if theres no selling volume bitcoin slowly creeps up in price. That is why I think Bitcoin is still in a likely accumulation phase. My next target is towards 10500$ before retracing a bit (lower high @11700$).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.