How Long Before BITCOIN Rocovers?

Currently, BTC has entered the most difficult period for trading - Sideways Trend. This sideways trend, following a strong downtrend moves within $6400 - $7200 range. It's hard to predict for how long this period will last , but we can always find indicators that will help us to determine end of this period. Sideways trend happens when supply and demand are almost/nearly equal. Change in supply or demand will change the balance and it will be indicated in confirmations of a breakout or breakdown.

Movement above or below that price range on 7-day candle might give us a hint about coming changes.

📉 As I previously indicated in my fundamental BTC analysis, "the mean line" of Bitcoin is somewhere around ~ 5500 USD. I set my partial buys at 6000 and 5650 USD. At this point 6000 is critical support line where bears are not as confident and strong.

📈 Movement above 7200 might indicate our first steps for recovery, however it's not enough to celebrate bull market. Ability to pass 7200 might trigger short impulses towards 7800 and $9000.

The hardest resistance line is still ahead: $11400 - $12000. I will officially admit market recovery only after passing this crucial resistance level.

☀ Will summer help Bitcoin? I think that Bitcoin might show some bullish movements closer to May and June, however failure to move above $9000 and $11400 would mean that we will return to a Sideways trend again.

Desclaimer: This is not financial advice. Please, use it at your own discretion.

Stay strong,

Ali