Juanjo_LP

BTC breaks downward tendency ruling it since Dec-17

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After a few months of uncertainty (sideways movement) BTC finally breaks upwards, possibly beginning to end the bearish cycle initiated since its ATH (All Time High) in December 2017. Actually the general bearish tendency since Dec-17 isn't "over" until we get past 20K USD per 1 BTC ... but it very well could be we're going to do just that.

Nonetheless, my conclusion is, if this breaking confirms, by breaking 11K onwards and closing above 11K by the end of the week (first days of August), we're at least going to see 14-15K USD per BTC , and further on, if this level breaks, we're headed towards 20K USD per BTC .

Let me know what you think.

Comments

possible retest the trend line. CME gap around 9.6k.
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