OK so where to next for BTC
Keeping a chart minimalistic and simple is the key to seeing the picture clearly in my opinion.
So looking at the chart on the weekly we saw a strong push out of a 6 week consolidation period. However the downtrend zone has shown some resistance not wanting the price to break through.
In the coming weeks we would like to see it break through the downtrend retest on the consolidation zone; gather momentum and see a run to the $11500 mark.
Keeping in mind that the halving is expected to have a Bullish effect aswell.
Keeping a chart minimalistic and simple is the key to seeing the picture clearly in my opinion.
So looking at the chart on the weekly we saw a strong push out of a 6 week consolidation period. However the downtrend zone has shown some resistance not wanting the price to break through.
In the coming weeks we would like to see it break through the downtrend retest on the consolidation zone; gather momentum and see a run to the $11500 mark.
Keeping in mind that the halving is expected to have a Bullish effect aswell.