TheLongBear

Has Bitcoin Bottomed Yet?

BITSTAMP:BTCUSD   Bitcoin
Bitcoin has been super quite and forming a bear flag . On the daily chart (right) you can see the ichimoku cloud is creating a huge overhead resistance which can be only broken with :
1. a big news
2. a v shape recovery following a crash, possibly to 20k
3. Spending long time going sideways

If 30k support is broken, it is very probable we will visit 20k.

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