Post
Topic
Board Speculation
Re: Bitcoin Price Charts Hint at the Most Exciting Breakout in Over a Year.
by
exstasie
on 19/05/2020, 19:36:06 UTC
If Bitcoin closes above $9200 this week, it's an incredibly bullish sign — and perhaps the biggest since the 2017 bull run — for the coming weeks and months....

$9,200 doesn't occur to me as a significant level. The weekly bullish engulfing is a promising sign for buyers but technically it won't be "confirmed" until another weekly candle closes above $9,944 (Coinbase).

Even then, the really important question to answer is will BTC close above $10.5K? That is what defines the year-long downtrend since June 2019.