Forex Forum
Junior Member
- Messages
- 80
- Joined
- Oct 3, 2021
- Messages
- 80
- Reaction score
- 0
- Points
- 6
There is a strong long-term bullish trend in Bitcoin with very strong short-term momentum, and for these reasons alone, Bitcoin looks like a very attractive buy if it retraces to any key support and makes a bullish bounce. The support at $64,368 looks key to watch, and we see some evidence that even the big round number at $65k could act as effective support above that.
I would not take any short trade today, but I note that the upper trend line is somewhat confluent with the all-time high at $67,017, so we may see some selling in that area.
I would not take any short trade today, but I note that the upper trend line is somewhat confluent with the all-time high at $67,017, so we may see some selling in that area.
