razumcapital

Bitcoin bottom formation !

BITSTAMP:BTCUSD   Bitcoin
Part 3 : According to many indicators, Bitcoin is now in the zone of the formation of the bottom, I noted the potential zone where the bottom can be formed. We can see some kind of flash-crash before the start of growth, as it was during covid19 , to collect liquidity and throw out weak hands. Therefore, I assume a fall even to 14k. Moreover, Bitcoin now looks weaker than the American market, so if the S&P500 goes to test the previous low, then bitcoin will renew its own one of $17,5k.

As the conclusion cancellation of the negative scenario for bitcoin will be the return of S&P 500 above 4200 and Nasdaq above 12650

Feragatname

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