Bitcoin is forming the same fractal pattern as during
the bottom in December 2018 and January 2019.
We have a very nice falling wedge forming during the downtrend that started in the end of June. Now we can expect some sideways action for a short period of time in the high and low 7000 range. If the price passes 8000 USD with extensive volume we will see massive bullish price action and substantial moves to the upside.
If this plays out we might see the bitcoin price reaching All Time High before or shortly after the Halving Event in May 2020.
Good luck and happy trading!
Marc
the bottom in December 2018 and January 2019.
We have a very nice falling wedge forming during the downtrend that started in the end of June. Now we can expect some sideways action for a short period of time in the high and low 7000 range. If the price passes 8000 USD with extensive volume we will see massive bullish price action and substantial moves to the upside.
If this plays out we might see the bitcoin price reaching All Time High before or shortly after the Halving Event in May 2020.
Good luck and happy trading!
Marc