In short: Break-out UP is expected.
In long: Taking into account general Bitcoin uptrend, the price should break out the triangle UP after bouncing inside. However, there is a possibility that the price can go to 8500$ levels or even 7500$. Please use stop-loss just in case.
The graph depicts the halving of Bitcoin along with sinusoid. The Big Picture is the most important for long-term investors.
As per graph, after each halving the Bull Run starts. The top and downs of sinusoid are generally a benchmark where the bull and bear market respectively begins. Although the downs are not exactly the lowest points, the high points of...
