Bitcoin Mid term Road Map

8月24日

Hello everyone,

This post highlights a series of technical patterns, all converging towards the same target area on Bitcoin. We’ve identified a descending broadening wedge, a cup and handle formation, and another descending broadening formation.

The alignment of these patterns reinforces our bullish bias on Bitcoin, suggesting that a major upside move is imminent. We believe the potential for a significant rally is stronger now than ever.

Please share your comments and thoughts on this analysis.

8月26日

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Price holding firm for now, we are watching closely.

8月27日

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Price may be going down to give good buy back opportunity for those that still want to join the trade. We are anticipating the current pullback to initiate a move towards 68k/70k area before next correction. BTC is bullish and the trend is Bullish never Bearish.

8月28日

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8月29日

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We need to observe price action at 62k area closely.

9月2日

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62k has proven to be a strong resistance level, causing a price rejection. Since then, Bitcoin has been consolidating, and we may see a re-test of the 54k/52k levels before a major rally continues. Regardless of Bitcoin's movements, the setup remains intact unless the price breaks below 50k.

9月14日

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Price completed leg B of the leading diagonal move and we should expect continuation from here. Perfect call.

9月19日

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Still in progress

10月16日

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Bitcoin road map still continues as the price approaches important buy side liquidity zone.