Ryan_W
Long

Bitcoin Bear Market Ended On June 24 - Bull Cycle Coming Soon

POLONIEX:BTCUSDT   Bitcoin / Tether USD
The Bitcoin bear market ended on June 24 when BTC hit a low of $5760. Since then Bitcoin has presented us with a series of higher lows and lower highs in a very drawn out consolidation pattern. Much to the dismay of many analysts and traders alike who are used to the quick movement and plenty of volatility in the crypto-space. To further support this idea, recently, we have seen some altcoins and in particular, some low caps popping off. These are all indications of an impending bullish movement by the major coins, one of which, XRP, has already experienced such an action and looking at the weekly chart is not finished yet.
The consolidation range of the symmetrical triangle for Bitcoin comes to a conclusion on October 26. I expect that by then Bitcoin will have broken above the "Critical," $6850 mark and will have spurred the beginnings of the next bullish crypto cycle.

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