Long term price prediction for BTC
Comment:
So far so good. We should bounce here, within week or two. There is an important trendline since 2014 at 6.4k so going lower would be really bad. If We are about to change the trend, we have to do it here. If we continue falling, we are looking for lower lows and new bottom, which could be on 200D MA on the weekly chart, which is right now 4800$.
Comment:
Playing out exactly as I expected
Comment:
triangle still holds, there is still a chance for a break out later this year. Corona fear is strong though.