BTC - potential buy at 18k - 24k

5 มิ.ย. 2021

Bitcoin had a fake out and is now challenged to keep price up. The long trade was cancelled just shortly after Elon decided to tweet about Bitcoin again. We are currently at the bottom of the pennant and if we break to the downside, we could see a continuation move to the range of 18k -24k. I am not risking a short-trade here as signals are mixed right now. The market is still reacting to tweets and FUD news indicating that people are still unsure about the future of Bitcoin.

Since there is a chance for another leg down, setting buy orders within the range of 18k -24k could be a smart move. It might be just a wick, a last shake out of weak hands to move back up again. Many buyers will sit in this range as it is the top of our previous cycle.