#BTCUSDT All Bullish Scenarios
🔸"Bitcoin price just bottomed at $54,000" is that true? let's find out.
🔹The Bitcoin Dominance has been inside a triangle pattern since April 15. Both sides of the pattern has been hit 3 times and the support line of the tri angle is protected by the 200 MA.
🔸A breakout above the pattern could send it to 56.43%, 57.21% and 58.36%. At the same time A bullish hammer candlestick pattern formed on July 5 and the Bitcoin RSI is indicating a bullish divergence, suggesting weakening selling pressure and potential for a rebound.
🔹US-based spot Bitcoin ETFs saw a net inflow of $143.1 million on July 5 amidst the possibility of a US Federal Reserve interest rate cut in September signaling investor interest in Bitcoin and riskier assets due to reduced attractiveness of traditional safe investments.
🔸Conversely if proven wrong important levels below the price are $56,166, $52,000 and $46,100
Zanzibar Trading
🔹The Bitcoin Dominance has been inside a triangle pattern since April 15. Both sides of the pattern has been hit 3 times and the support line of the tri angle is protected by the 200 MA.
🔸A breakout above the pattern could send it to 56.43%, 57.21% and 58.36%. At the same time A bullish hammer candlestick pattern formed on July 5 and the Bitcoin RSI is indicating a bullish divergence, suggesting weakening selling pressure and potential for a rebound.
🔹US-based spot Bitcoin ETFs saw a net inflow of $143.1 million on July 5 amidst the possibility of a US Federal Reserve interest rate cut in September signaling investor interest in Bitcoin and riskier assets due to reduced attractiveness of traditional safe investments.
🔸Conversely if proven wrong important levels below the price are $56,166, $52,000 and $46,100
Zanzibar Trading
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.