#BITCOIN Technical Analysis 2/12/2020
BTC/USD has been moving relatively slow compared with the alts, but nonetheless it is moving, just lagging behind.
My first target of 10.5k has been reached. Bitcoin dominance is at the 50% fib so I think we could potentially see even more bullish moves ahead. As long as BTC remains over $9500, I am bullish.
My next target is $11,750 - $12,000.
If BTC breaks 10.5k we are going to see these levels fast and even a potential move higher.
Throughout BTCs existence, it has barely any experience trading any levels higher than that and that is usually when FOMO starts kicking in.
When FOMO kicks in around 13k, we could see the All Time Highs breached very quickly.
Currently BTC is about 75% of my Crypto portfolio, but I will be actively watching the current level to look for an exit or to keep holding. I entered near $7700 level. See my last BTC trade idea below.
Let's see where this goes.
Blessings!
BTC/USD has been moving relatively slow compared with the alts, but nonetheless it is moving, just lagging behind.
My first target of 10.5k has been reached. Bitcoin dominance is at the 50% fib so I think we could potentially see even more bullish moves ahead. As long as BTC remains over $9500, I am bullish.
My next target is $11,750 - $12,000.
If BTC breaks 10.5k we are going to see these levels fast and even a potential move higher.
Throughout BTCs existence, it has barely any experience trading any levels higher than that and that is usually when FOMO starts kicking in.
When FOMO kicks in around 13k, we could see the All Time Highs breached very quickly.
Currently BTC is about 75% of my Crypto portfolio, but I will be actively watching the current level to look for an exit or to keep holding. I entered near $7700 level. See my last BTC trade idea below.
Let's see where this goes.
Blessings!
