Long BTC

25 ก.ย. 2020

After once again its multi month trendline holding, expect Bitcoin to re-test 12k in the next week while expecting the low 10k zone to continue to provide good support as apparently long term players continue to acumulate ahead of the 200 dma, the recent healthy correction due to the stock crash cleansed weak hands and funding remains stable. Will expect BTC to start to decouple slowly from the RORO dynamics and eyeing a re-test of ATH 1Q during 2021.

Feedback appreciated!