Bitcoin has been consolidating at 50k for quite a while now. Blockchain analysis shows how big money has been moving outside of exchanges and into wallets and with so many institutions and big investors buying into bitcoin we can easily see that this rally has just started.
Added to this the fact that we are touching the bottom of the trend line it is very likely that bitcoin will touch 70k by end of April.
Added to this the fact that we are touching the bottom of the trend line it is very likely that bitcoin will touch 70k by end of April.
Comment:
It seems like bitcoin followed the trend line for some time going up as I predicted, but after reaching 64500 crashed below the support line. I am still very bullish for bitcoin in the upcoming weeks and months so this dip looks like a great buying opportunity before it goes back up.