Bitcoin's (Most Likely) Path - Targeting $38k first, then $75k?
BITBAY:BTCUSD is forming an expanding wedge pattern (typically bullish). I'm expecting Bitcoin to make a lower low first (~$38k), followed by an upward move towards the upper resistance line. I’m assuming Bitcoin will breakout from the upper resistance – whether or not that breakout move comes on the first attempt or second will remain to be seen, but I am still expecting a breakout to the upside. We can’t rule out a breakdown just yet, but the odds are favoring the up move. $70K will be our next target if that happens.
Everything shared here is my own opinion and no results are guaranteed. Good luck!
Everything shared here is my own opinion and no results are guaranteed. Good luck!
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Have we gotten a legitimate breakout? Or is this just a fake out / bull trap? Time will tell.
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Was it a false breakout and bull trap after all?
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Another possible thesis: Extended the expanding wedge.
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Good luck!
Good luck!
