Bitcoin has broken above a previous resistance line. Although we are not in the clear, my outlook is still bearish. I am still looking for the $9K bottom. Hopefully I am wrong and we have a picture perfect scenario happen.
The sad fact is life doesn't always have a picture perfect ending. I wish it did for my sake. The charts show a nice sign of relief incoming....
BCH has always followed in the foot steps of Bitcoin rightfully so consider BCH is a soft fork of Bitcoin itself, hence the name Bitcoin Cash. Over this past cycle Bitcoin Cash has managed to perform above average in my opinion. I am one of those people whom believes that BCH will follow the price of Bitcoin itself and will one day be worth over $20K although that...
You can read my full analysis I can see the bottom forming nicely, with the economic crisis we may a flash crash as that of March 2020 with a rally above $35,000.00 again which is highly unlikely IMO but is seeming to be more of the than not.
Based upon Bitcoin History on Feb 22, 2022 a made the grey downward triangle that would put a Bitcoin bottom at around $26,600 and $22,300 since I added the down trend Bitcoin broke above it once for a four day period before falling back into the down trend. It is now looking more likely to brake from the downtrend today and make another leg up before returning...
