Bitcoin to recover before dipping to 29K zone
Bitcoin has been moving south for sometime now and is marred by dips after dips.
Going by the pattern looks like the damage is far from over. Bitcoin is currently moving in a symmetrical triangle and is moving towards the last point on the chart at point E.
Once it reaches point E, it should start dipping and next support it can find is at 29K zone.
At this speed it will take couple of months atleast for Bitcoin to come back to the stable position.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Going by the pattern looks like the damage is far from over. Bitcoin is currently moving in a symmetrical triangle and is moving towards the last point on the chart at point E.
Once it reaches point E, it should start dipping and next support it can find is at 29K zone.
At this speed it will take couple of months atleast for Bitcoin to come back to the stable position.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely