Jay360

BTC Heading to 4K? The Weekly Trend Depicts It's Possible.

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Looking at the weekly chart we can see that the weekly trend is forming a large triangular pattern.
This is clear as daylight seeing that we did not break the 13.7K region while moving upward and the momentum is slowing down.
The decline may be sharp so the time frames will differ if it falls steeply.
That means, the next leg down can be seen in early December 2019 instead of January 2020.
Otherwise, considering the halving event it maybe extend out further than January before we see a rise.
BTC will turn around and snap higher at that point preparing for the next enormous bull run but the time factor can vary.

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