Based on the fact, that MACD and RSI broke into negative territory on the weekly chart, which it only did back in 2013/14 before the long consolidation phase, this is a very valid szenario.
Also weekly moving average was building resistance for first time in years.
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The fun fact is, that even if BTC will touch 3000, predictions for 30000 until summer 2018 are still not off the table, unless we are already in a consolidation phase compared to 2014.
Also weekly moving average was building resistance for first time in years.
(
The fun fact is, that even if BTC will touch 3000, predictions for 30000 until summer 2018 are still not off the table, unless we are already in a consolidation phase compared to 2014.
Comment:
Somehow the precision of my prediction scares me ;)
