XBTUSD: Look at the monthly timeframe
Okay, let's take a look at the monthly chart. Bitcoin price demonstrates definitely bullish SFP and April closed around $9000 up to 50%.
We clearly bounced off support at $6400 and currently floating at resistance.
Bullish case [I stick to it more]:
I think if
XBTUSD we get monthly close above $9400 we'll move higher with next target at $10500-$10700.
And do not forget that we have Halving in this month, ETA 12th of May. For example, it can rise before Halving event and fall after.
At least this month, BTS should test the $ 9400 level a couple of times.
Bearish case:
Since we are near resistance, Bitcoin begins to fall before Halving event and finds support in the range of $ 7,000 - $ 6,000
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
We clearly bounced off support at $6400 and currently floating at resistance.
Bullish case [I stick to it more]:
I think if
XBTUSD we get monthly close above $9400 we'll move higher with next target at $10500-$10700.And do not forget that we have Halving in this month, ETA 12th of May. For example, it can rise before Halving event and fall after.
At least this month, BTS should test the $ 9400 level a couple of times.
Bearish case:
Since we are near resistance, Bitcoin begins to fall before Halving event and finds support in the range of $ 7,000 - $ 6,000
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
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