BTC bullish trend
BTC has been consolidating in the ~60k to ~70k region for a while now, indicating buyers and sellers are comfortable with this range.
While BTC is and always will be volatile, there is likely an opportunity for a long term trade. To mitigate the volatility, a wider stop loss may be considered with the 56k region being a possible area where a structural change would occur.
A new trendline is emerging indicating a stable long term upwards move.
Elliot says price may reach 90k next.
This is not a recommendation to trade or not trade, just an idea. This is not financial advice.
While BTC is and always will be volatile, there is likely an opportunity for a long term trade. To mitigate the volatility, a wider stop loss may be considered with the 56k region being a possible area where a structural change would occur.
A new trendline is emerging indicating a stable long term upwards move.
Elliot says price may reach 90k next.
This is not a recommendation to trade or not trade, just an idea. This is not financial advice.
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