shubbs

Bitcoin (BLX) weekly long term chart

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BNC:BLX   Bitcoin Liquid Index
In June 2015 Bitcoin's price rose over the 10 and 20 wma's. The 10 wma then crossed over the 20 wma. Bitcoin's price then in the next month rose to the 50 wma, about a 50% move. Now in 2019 Bitcoin's price has risen again over the 10 and 20 wma's. The 10 wma is about to cross over the 20 wma. Bitcoin's price looks like it may rise to the 50 wma in coming week's well over $5000. If it does then this chart pattern is replicating the sideways consolidation pattern of 2015. Bitcoin is consolidating sideways from its $3128 bear market low in Dec 2018 in preparation for a more significant bull market in 2020 IMO.

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