BTC  Analysis
MAY 08, 2024

Mid-Term: BEARISH
Short-Term: BEARISH

🟢#BTC Short term looking bearish ! Bitcoin broke a head and shoulder pattern and broke the neckline and currently retesting the neckline.

📍Possible to test around 59k-60K ! Keep an eye.

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The suitable buying ranges are 57k and 52k

Right, I think the best thing now is to make a rational decision and do our buying and selling within the right range
21 $DEGEN

Bloomberg: In a January 2024 report, Bloomberg predicted that the price of Bitcoin could reach $100,000 by the end of 2025.

 JP Morgan: In February 2024, JP Morgan predicted that the price of Bitcoin could reach $130,000 in the long term.

It is bullish in the long term.

So What About Long-term ? 
Bearish or Bullish ? 👀

25 $DEGEN

I agree that Bitcoin seems to be bearish in the short term, but later it is more likely to be bullish

The head and shoulder pattern usually causes a downward trend in the chart, and here BTC is no exception to this rule