For those who are following me already, you can notice that I talked about an important date in my first ever idea. April 1st will be a crucial date. But why is that? Why is this date so important?
The reason behind is extremely important for everyone following bitcoin and cryptocurrencies. The bitcoin price is getting ever close to that huge green/cyan line on our chart and it remains to be seen whether we will break above it or stay below that resistance.
Now in both cases, the price will see a significant movement.
If we break above that line, then we will start testing every resistance line you see on the chart including those of the fib retracement. Yes, breaking above it means the bull run has started. How long will it last and how quickly would we break each resistance? it remains to be seen, but it will surely take longer than the last bull run.
What if we stay below? If we stay below, then the price will follow that of my first post. Slowly fall to reach new lows before coming back up at some point. In my opinion, this is the more likely scenario and that is why I expect April 1st to be a day that will haunt most of us for quite some time. XD XD XD
please do not hesitate to comment on this chart. Both good and bad opinions :)
Thank you, everyone, for reading and see you in the next one!