Hi Guys, watch out my "Christmas" Bitcoin prediction.
This TA is based on: a) Bakkt launch - BTC must be more insteresting for investors = must be cheaper. $4800-$4500 looks like fair price range. b) Global Upward Trend Support is near to us. I gues it will safe BTC from further drop down. c) BTC has been moving inside Falling Wedge Reversal pattern for last few months.
Conclusion? Dump to $4800 & Pump to $10000.
If you like my TA, pls. hit that "like" button, follow me or leave your comment, Thx!
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Still waiting for weekly close BTC still consolidating and meanwhile moving inside ascending channel. 1D chart … RSI and Stoch remains in bottom levels. MA performing Death Cross. 4H chart … Stoch-RSI is very high. The price is bouncing MA21 and MA8.
Conclusion … successful $5685 breakout could be solid signal to go long in short-term!
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Ok Guys, BTC follows my predicton. $4500 price zone is coming!
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So, BTC dropped to $4500 zone, as was predicted. Regarding to current market condition I likely expect next drop, below $4000. But before this happens we may see recovery to $5000 - $5400.