Scott Melker’s BTC Price Analysis — Will Bitcoin Go Up or Down?
© Copyright Image: News – CoinQuora – Latest Cryptocurrency and Block
- Crypto analyst Scott Melker, The Wolf of All Streets, published his take on BTC.
- Melker notes that there’s a potential bullish divergence, coming out of oversold.
- He also mentioned that he is waiting for a retest of the 40k – 42k area.
Prominent technical analyst Scott Melker, dubbed as The Wolf of All Streets, recently shared his analysis on Bitcoin’s price action. He published a series of tweets to see how BTC may perform in the near future.
Chart 1:
Ascending channel breakdown with a dip into 4-hour supply was likely, as I discussed on my video and in the newsletter yesterday.
This is a reasonable place for a bounce if we are going to see only a small correction. pic.twitter.com/BLxKfR7iSm
— The Wolf Of Al...
Read more: https://coinquora.com/scott-melkers-btc-price-analysis-will-bitcoin-go-up-or-down/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
