Bitcoin EXPERT Analysis Critical Targets EXPOSED!

BTC daily here..

So the question here is that everyone is asking is - is the low in?

Well as always you can build a case for both sides but I do see more signs that signal we're bullish.. for now.

1. RSI has a chance to break the bearish control area its been in for awhile (white line I have drawn in)
2. MACD is showing bullish divergence
3. Histogram bullish divergence ever since that 11k spike low in Dec
4. MACD has actually made an all time low.. when I see this I think that it's highly likely it snaps back in like a rubber band just by nature of extreme numbers
5. Volume on the selling climax is significant enough to signify capitulation
6. BTC has convincingly taken out the 9k price resistance area

So I believe that BTC is now playing between the 9k and 11k region for now

Zooming in to the 4 hour..

Here we can see what virtually everyone with a tradingview account is posting about the inverse head and shoulders.. which actually does look solid to me, you could also think of it as a cup and handle and I would agree. We see volume confirmation on the left shoulder and head and as price action confirmed the breakout yesterday I do believe this is confirmed.

This move could take us all the way to 11k and it certainly does feel like bulls have regained control here. RSI is in the bullish territory and now we're witnessing the 4 hour make higher highs along with price action which adds validity to the move.

Overall I do believe this is our direction for the medium term.

Is there a bearish scenario? Certainly, but in order for me seriously consider that another lower low is in order I would need to see a triggering event of the 7.8k area needs to be taken out. If price does trade under there then yes I would be heavily leaning towards seeing lower lows which I would make sense to take us around 4.8k to 5.1k

So yes the bearish scenario is still on the table but as time passes and bulls verify this move it becomes less likely and like I pointed out my personal opinion is it feels like the sellers have been exhausted for now.

Areas of interest here..

BTC now gets to play within the area of these two arrows and does face significant resistance all the way through to about 13k. Something to keep in mind is that the algo traders will be sellers all the way probably to the 15k area as that's what it would be wise to do from a technical perspective. They will defend up until that area.. however as soon as thats taken out it flips and I would expect if we get past 15k then a run to former ATH is around the corner with higher highs likely.

But there is one MASSIVELY concerning thing that nobody is talking about that I cannot ignore..

This chart here is showing BTC longs on finex

Now compare the number that are long vs this chart which shows the BTC shorts on finex..

Alarming right? BTC longs is nearly 3x that of shorts.. The psychology here is that, if everyone is already long then who is left to buy? Also all these longs are essentially sellers at some point and are forced to be sellers if price gets near their liq price.. Further as margin funding gets more expensive these longs are working against the clock in a scenario where btc is likely to have a slow grind here as resistance is significant.

So these are the issues and triggering events I see.. Again, I see more bullish signs than bearish but the biggest bear sign is too hard to ignore for me personally.

Alrighty so that's it for BTC, not financial advice and hopefully my perspective helps!