Bitcoin Daily Picture

in #btc7 years ago

This is not for investment advice. Only for entertainment purposes.

Here are my thoughts on one possibility for Bitcoin over the next couple weeks. I see BTC adhering to the strong support line set last July and has started flowing down a nice channel in what looks like a large bear flag. I think we will hit the trend line next at $12074 and then bounce down and out, potentially all the way down until $4315.

Hopefully we will have already corrected, or will bounce with a large bullwick and back up into the channel before rocketting out. BTCbear.png

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For future viewers: price of bitcoin at the moment of posting is 8453.20USD

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