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  • Writer's pictureCryptofool

BTC Long Term Trend



The Bitcoin and overall financial market has been rallying for sometime. Is this a beginning of a new bull market in crypto? If the market continues to go higher we may reach 27K. Possibly , with enough momentum 34K. I highly doubt we will get there before any significant retraction. Inmost cases , the price retest newly formed bottom. I still expect to price retest levels between 15 - 19K.




Daily chart looks great but on a longer time frame we are still in a downtrend. I do not expect a beginning of a new bull market until the price retests the previous bottom. However, we are getting much closer to the end of a crypto winter.





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Please note, we’re not offering any financial advice. It’s worth researching the topics of cryptocurrency, trading, and investing on your own or reaching out to professional advisors.

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