BTC needs to hold the line here at $38k...

in #bitcoin • 3 years ago

We've seen this pattern before, need the current price to hold though

We have seen this exact same pattern before...

Back in 2012 we saw the same setup as we are seeing right now.

Check it out:

image.png

(Source: https://twitter.com/BTCfuel/status/1495418255342804998/photo/1)

The interesting thing is that it was around the same time in the bitcoin halving cycle.

Will history repeat again?!

If it does it means we make new highs later this year...

The caveat is that the price basically needs to hold $38k area right here otherwise the pattern has been invalidated...

#crypto #news #life #blog #investing #money #charts
3 years ago in #bitcoin by
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     3 years ago 

    Only time will tell but let's hope the new world order doesn't put a spanner in the works

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    [-]
     3 years ago 

    Jon, Thank You for sharing Your insights...

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     3 years ago 

    I think few days consolidate here after bounce back

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     3 years ago 

    Thank You for sharing...

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     3 years ago 

    Upvoted! Thank you for supporting witness @jswit.
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     3 years ago 

    Thank You for sharing...

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     3 years ago 

    Let's hope for the best, I think bitcoin will do well in the course of the year as I keep hodl on my non-custodial wallet from https://atomicwallet.io/. The pattern is shaping up well.

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     3 years ago 

    Thank You for sharing Your insights...

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    [-]
     3 years ago 

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