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The pullback is just to set up an even stronger rally later—the big bullish trend is aiming straight for new highs!
5.12 BTC trading ideas:
After Bitcoin surged higher yesterday, it quickly got dumped for a round, but our bullish call was completely correct! In the second half of the night, it directly pushed higher—the bulls were fully in control.
Now the price is seeing a small pullback and range-bound consolidation on the short term; basically, it’s just taking a breather on the way up. Overall, the price is moving higher and higher—there’s nothing wrong with the big upward trend. There’s no signal that a reversal into a bearish decline is coming.
Now the market’s main force is still bullish. There’s a lot of room for further upside ahead—so the trade plan is clear: buy on dips and go long.
Enter around 80,500-81,500 and go long right away, with the first target at 83,000-84,000. If the market momentum is strong enough, go straight for 85,000!
$BTC