Weekly “W Formation Bottom” on BTCUSD Price Chart

Weekly "W Formation Bottom" on BTCUSD Price Chart

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Sovryn_Matt

Weekly MACD is soon to cross over showing a sign of bullish momentum coming to BTC price for the coming weeks. RSI is forming a nice flattening bottom shape suggesting the bottom is in. Price target of the weekly formation is at $60k. I am long unless theres any major FUD blackswans.

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