Bitcoin Market Analysis

in LeoFinance2 years ago

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⚪️TECHNICAL (4H)
BTC showing a short term parabolic market structure as it went a $55,200 monthly low up to $59,000 where its currently trading. If the bulls manage to hold the current momentum they've built so far, we're likely seeing a break above $60,000 towards $62,000

⚪️SENTIMENT
After reaching pretty much yearly lows, sentiment has once again bounced towards a moderately short mid term bullish rating. This means that even though we've seen pretty strong moves in a couple of higher market cap coins, we still have a lot of space for buying action and upside.

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