Bitcoin Technical Analysis: BTC All Set To Jump Off The Cliff (June 2020)

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Bitcoin Technical Analysis: BTC All Set To Jump Off The Cliff (June 2020)

Bitcoin is all set to jump off the cliff. It is now at a point where the vast majority of retail traders are once again optimistic that it could shoot higher despite the fact that we have just had a pretty bearish weekly close. This optimism is not going to die down anytime soon because many traders would keep on thinking that BTC/USD might still fill the CME Futures gap at $11.8k. There is a very good chance that we see a major decline begin in the next couple of weeks but for now we need to wait for confirmation before entering short positions.

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