Here is our updated chart for Bitcoin.
As stated before we bought again at 29,000 and we did well, but the 23,000 level is a possibility.
The price since it's all time highs has been in a descending wedge (the triangle) which is contracting and 'running out of space'.
What does that mean? Volatility
Our outlook remains bullish, that means that we are looking for opportunities to Buy the asset.
The fundamentals have not changed and they remain strong, in addition you have new interest from whales to invest more in Bitcoin (Blackrock for example) and on the other side of the balance we have some voices that Bitcoin needs better regulation, which is not all together a bad thing in the long run.
As stated before we bought again at 29,000 and we did well, but the 23,000 level is a possibility.
The price since it's all time highs has been in a descending wedge (the triangle) which is contracting and 'running out of space'.
What does that mean? Volatility
Our outlook remains bullish, that means that we are looking for opportunities to Buy the asset.
The fundamentals have not changed and they remain strong, in addition you have new interest from whales to invest more in Bitcoin (Blackrock for example) and on the other side of the balance we have some voices that Bitcoin needs better regulation, which is not all together a bad thing in the long run.
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