Nicks_Charts

BTC long term view

Short
BITSTAMP:BTCUSD   Bitcoin
Possible two scenarios for BTC

First scenario

BTC start to fall from current levels, forming a descending wedge (bullish pattern) with buy zone around 12K - 11K ,where from there we will expect bull run to new ATH.

The previous two bull run started after a falling wedge pattern ;

First one


Second one


Second scenario

If price will manage to close above 20K I expect BTC to keep sky rocketing

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