The way we talk about the BTC weekly chart could be all wrong. Among the trading community, the relevancy of curved trend lines is widely questioned. Could Bitcoin's historic run of parabolic growth and then downfall be a part of a bigger picture? After maintaining an equilibrium range ($6200-500) this could be a clue that the next bullish wave is coming. With volatility so low, a big jump (in either direction) seems inevitable. This is all very speculative -
The current curving support line could stay true and act as support in an upcoming bullrun towards new all time highs.
I'm not going to through out any price predictions because these are often silly and pointless but this something that is worth keeping an eye on. Everybody likes to get excited about a new longterm bullish set up.
The current curving support line could stay true and act as support in an upcoming bullrun towards new all time highs.
I'm not going to through out any price predictions because these are often silly and pointless but this something that is worth keeping an eye on. Everybody likes to get excited about a new longterm bullish set up.