Occupy Bitcoin BTC Medium-term Outlook
As we edge closer to the monthly close, good to make a post for what to watch out for as we edge towards the monthly close.
We will need a monthly close above 28,224$ to maintain bullish price action. However, the reality is anywhere above 25,624$ is good enough as a bare minimum – this is pretty much guaranteed given current price action.
None the less, the coming week will be a very bullish week that allows us to close above 28,224$. As soon as the new weekly candle opens the bulls will come in full force.
The target that we should have in mind is 32,026-34,037$. This is where Bitcoin will consolidate. Reality is that it will jump as high as 36,000$ and we expect wicks to this area.
A break of 36,000$ will lead to the bull run and all hell will open loose. The bears will be stuck with their hands on their heads!
Keep holding the line boys and girls, amazing stuff is to come our way! This channel will be the first to predict bull run from the bottom to the top.
Current price: 27,749$
Resources: https://www.tradingview.com/x/KGtVS1JT
