Scott Melker’s BTC Price Analysis — Will Bitcoin Go Up or Down? By
Scott Melker’s BTC Price Analysis — Will Bitcoin Go Up or Down?
- 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:
$BTC
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…
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