ChartArt

Bitcoin guarantees Christmas after the squeeze

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
297 0 5
Bitcoin is in a massive squeeze which will result in a very big move once the price breaks out. The direction is still unclear so I present two scenarios.

This is scenario B: The bullish break-out.

In this scenario the price keeps on moving slowly a bit lower, but then strongly reverses the direction and starts a very big rally towards the end of the year, after the BTC reward halvening (which will happen in about 12 weeks).


P.S. Here is a link to scenario A: The bearish break-out:

Unease after the Bitcoin squeeze
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