Greetings,
What do you guys think?
Bitcoin seems to be consolidating around 8k. It seems to have found a higher bottom from the recent (early April) lows around the 6600 zone. Very strong support around the 7800 to 8000 zone.
We have a rising (golden) trend line which goes back to summer 2016.
On the weekly chart it looks like we are near mid term bottom...
We have the long standing upward trend zone/lines. We have the shorter term downtrend zone from all time high , Dec 17 until now. These 2 currents are meeting around the $8000 to $10000 levels. This convergence falls roughly inline with the expiration of CME futures on Jan 26.
As you all know we had a major run up in Nov-Dec. In the fall we thought we would be...