Bitcoin can reach over $55,000 after crossing the $38,800 price mark
As you know, the price of Bitcoin in its recent downtrend has never broken the ceilings of its short-term uptrend.
If that happens and Bitcoin can break this downtrend and break one or more short-term uptrends, which are currently $38,800, we can expect the Bitcoin price to reach above $55,000.
Each time Bitcoin had a sharp downtrend, it applied a tighter uptrend. Also, long bearish shadows indicate that the price trend will soon rise.
The shortening of the MACD oscillator also indicates a sharp uptrend.
The Ichimoku cloud will also turn red in the next day or two. In the red cloud there will be a rising trend.
I hope that in the next few days, the price...
Based on my research, I realized that the price of bitcoin will exceed 80,000 $ . This may happen in the next 3 to 5 days.
This analysis is suitable for both short and long position traders.
