andrevj2000

Bitcoin long term bullish trend

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
it looks like bitcoin is on a bullish ascending channel where it formed a falling wedge on the short term. if the fed meeting today is positive for bitcoin then we can go up 102% for bitcoin before going down. if we break the long term channel pattern to the upside then bitcoin can go above $100k. If we would go down then a max of 12% roughly is what we would go down and bounce then go 102%. If we do not break 100k then most definitely we will break past $100k in 5 years. The RSI is also showing close to undervalued for bitcoin and the madD is close to making a bullish cross
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