top of page

Technically speaking: BTC long term

Writer's picture: CryptofoolCryptofool

Updated: Aug 8, 2022



The Bitcoin monthly chart is still on an uptrend and it will continue to be in the near future. I expect a short term pullback but it will not change the trend. To change the trend the price needs to fall sharply below $5000 level. Of course, it is possible but highly unlikely.






Weekly chart shows a better picture. The price continues to make HH and HL. This is very positive. In my opinion the critical level moved up from 29 - 30K to 34 - 35K level.

Breaking 34 -35K will trigger a major selloff.


Want to buy BTC?

2 views0 comments

Recent Posts

See All

Comments

Rated 0 out of 5 stars.
No ratings yet

Add a rating
Never Miss a Post. Subscribe Now!

© 2022 by Cryptofools.com. 

Thanks for submitting!

  • Grey Twitter Icon
bottom of page