CryptonikLion

BTC 2020-2021 Map

Long
BITSTAMP:BTCUSD   Bitcoin
-We are now in a massive triangle since december 2017 and We got 3 touches on the bottom and three on the top of the triangle,so at the fourth touch on the top i expect the breakout and the next bullrun in crypto in 2020.
-Now we are in an descending channel that was formed since 2019,we broke it in 2020 but we returned in it.
- I see massive resistance at 7k-7.2k and the ultimate one 8k-9k.
-The halving is in May around 18 May so we expect like in 2012 and 2016 one more bullrun + The FED printed a lot of money,and the dollar will lose in his value but Bitcoin can not be printed so this news right before the halving is a very bullish move.
-For now i expect some consolidation before the halving and after it the next bullrun should start.



-This is not a financial advice.This is just my analysis.So make sure to analyse from your self and you are responsible for your trade or investment
Have a nice day!

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