Hello friends, I hope you have a beautiful day. Bitcoin has started a new uptrend once again and I think we are ready to see the $ 70,000 level.As you know, the US government is going to pay a new $1.9 trillion coronavirus relief package to the people soon.And that means we're going to see bitcoin prices rise again.But this is not a permanent price increase, and we will soon see a massive drop in the price of Bitcoin .Thanks to corporate acquisitions as well as the devaluation of the dollar, we have seen a huge increase in the price of bitcoin , but with the sale of huge volumes of bitcoin by these same companies, we have to wait for a price dump. plz comment your idea and like this post.thanks
Hi.
I think this is a pullback and soon we will see a huge drop perhaps by the head and shoulder pattern. If this will be true, I think the price will drop about 52 to 54 k.
Amirrahbaran
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@mahata, hi thanks for comment.I can tell you from experience that templates like head and shoulder or double top have no application in the crypto market.but as i say i am ready for huge sell after 60000 t0 70000$
mahata
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@Amirrahbaran, :-) your experience is totally different with mine, I think that most of the crypto price prediction can be done only with trend lines, double top and bottom, head and shoulder.
I think this is a pullback and soon we will see a huge drop perhaps by the head and shoulder pattern. If this will be true, I think the price will drop about 52 to 54 k.