BTC: Forecast on the Four Hour.
Bulls have made a statement surprisingly quickly after months of bearish tone by avoiding a pullback so far and struggling even higher (on the Daily we are well above the Bollinger bands). While BTC is still due for a correction, recent price action indicates the overall market sentiment has shifted in favor of the bulls, meaning it may not drop as low before charging higher.
Bulls have made a statement surprisingly quickly after months of bearish tone by avoiding a pullback so far and struggling even higher (on the Daily we are well above the Bollinger bands). While BTC is still due for a correction, recent price action indicates the overall market sentiment has shifted in favor of the bulls, meaning it may not drop as low before charging higher.