As you can see the pattern bitcoin moves in cycles or waves just like every market and with this particular pattern that it's developed I'm thinking after this slight move to the downside we will see a 6% price increase at the very least and hit the 46K region. Although I'd love to hear your thoughts on the matter..... BULLS are gonna run this to 100K by the end...
The chart speaks for itself. These are patterns I've spotted and since they are reoccurring the likeliness of the same thing happening this time are well likely. Although I'd like to know your thoughts in the comment section.
Well this is just one of my scenarios although I'm not much on being bearish there's still that CME gap down around the 24k level
and I don't think we'll be able to break that 35,500 resistance until we close that gap so to go up we must go down leave a comment on your thoughts and
a thumbs up if you agree
We can't seem to get past that resistance and we've pierced it 7 times now and this looks like the start of those dreadful 63 days back in 2017 where we consolidated then dumped we've been consolidating
this go around for about 2 months in this area besides that there's still a CME gap to fill around the 23,000 level and the 14,000 level so we'll see how low can...
According to the Fibbonaccis, we're due for a move to the green, and using the A, B, C, D extension looks like we might be in for a move to the upside 50k is the target according to the fibs and the A,B, C,D extension backs the fibs