A Bitcoin forecast that explains all...

After residing in Bali for a month sheltering away from most of the fud and bloodshed throughout the cryptocurrency and indices markets its nice to be back and see a bit of green in the markets. This is my personal opinion on what I believe will happen to bitcoin. The banks want bitcoin more than we do, if they can create an emotional rollercoaster of a ride with the price they can scoop them up from beginner investors. If they hold the bitcoins they can effectively milk the cryptocurrency markets. Now to the technical....

First of all, well done you Holders, bitcoin now in my eyes has regained its bullish status. As you can see we have started to form Higher lows and higher highs, until this structure is broken we are bullish. As you can see we have a progressive bullish triangle that's possible the start to some major support in the future. The great thing about this right now is that price is recovering, creating stability. Bitcoin is very susceptible to trending in a very predictive way with market cycles intra day... However its a bit of a wild beast on the higher timeframes, here is my opinion on what I think will happen. I don't often post on here, feel free to drop a comment If you would like more, in the mean time keep an eye out!

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.