JohnBat

BTC is preparing for an interesting move.

BITSTAMP:BTCUSD   Bitcoin

BTC has been consolidating between strong resistance for some time. As for me, there are still chances for growth, but will it be 15k 17k or more you have to wait. In addition, it should be noted that BTC has broken the growth channel from recent declines to around 3k. He personally prepares for two scenarios. The first is marked in orange and the second in yellow. Personally, I think the more likely move is to break current resistance and attack at 10.4k + levels. The second option may end up on a strong decline to around 7k, which will be a healthy correction after such strong increases since March.


In the last analysis, I suggested that there will be drops further there is such a chance, but I believe that with a lower probability because this mini correction is taking too long, which may indicate accumulation for further increases. Now much depends on American indexes. If they increase, we also believe that they will fall ...

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