RektBTC

6k BTC by May 2020. 2 possible/probable scenarios.

BITSTAMP:BTCUSD   Bitcoin
Currently there is an ascending triangle in play. It seems likely that price action will continue to go through accumulation in this pattern for about a couple more weeks. Two long term scenarios are drawn out and breaking long-term bear market diagonal is going to be key to stimulating some positive momentum for Bitcoin. Getting back to 6k is a likely target to hit by the 2020 halving event since we have seen similar price action during previous bear markets prior to halving events.

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