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dennisdaiber
Oct 22, 2019 7:05 AM

BTC/USD $11700 target Long

Bitcoin / U.S. dollarBitstamp

Description

BTC/USD daily chart shows us two almost identical falling wedges. The one we are in right now is a smaller version of what we saw in 2018. Following this pattern, there is a high possibility that the price will keep moving sideways until mid-November, before breaking out to the upside to reach $11700 target. This also aligns with the Golden Pocket on a Fibonacci Retracement level between 61.8 and 65%.
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