BitcoinForex (SPOT)

Bitcoin ($BTC): Updates short term analysis

 

From a technical point of view we can say that the last week was also very interesting for $Bitcoin. That being said, we will again be tracking $BTC short-term today with a focus on short-term position management. Our last analysis appears to have been correct, and if you recall we underlined “how” this bearish leg would have formed, and looking at the 1H time frame, I seem to see an impulsive structure (12345). If this analysis is correct, in the short term, perhaps after some technical rebounds, reaching 26.5k area is still possible.

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