#Bitcoin extrapolation forecast: Path to 40k by EOY 2019.

Long

Bitcoin (COINBASE:BTCUSD)

Updated

COINBASE:BTCUSD Bitcoin

trendanalysis beyondta chartpattern bitcoin bitcoinforecast btcusd btc

This isn't a short term forecast, but a long term trend extrapolation forecast, saving this now to come back later.

Comment:

So far the update from end of October till early Nov, we've seen BTC go side ways with a tiny dip. So did not start the A wave corrective path yet... however it still seems that a break down is the most likely move in the coming weeks, true capitulation should happen before we can start a slow return to a bull market.

Comment:

In hindsight my C wave breakdown should have been closer to the tip of the descending triangle. IMHO these are great entry zones, we may go lower in the coming month or so, but we are close to the bottom.

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