formalrisk

BTCUSD to 9400 and back down

BITSTAMP:BTCUSD   Bitcoin
BTC's pricing has stabilized quite a bit in a sideways wedge formation. Taking a look at the top, we can expect BTC to move up to 9300-9500 in the short-term. As SPX becomes more turbulent and loses ground, BTC will drop back down to the high 5000s, where it will once again begin its ascent to stabilize around the 7200 mark.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.