On my analysis BTC has reversed to a Bearish trend since first May after ranging over on double top and H&S.
At the moment the major support is on December 2020 of 29k. Our huge previous support was 30k with many candles supporting it.
BTC to recover this winter would have to achieve 30k and after it goes to 43.5k.
According to the whole market in stocks and the interest rates going high on bonds. The parity with BTC and other FIAT currency will naturally push BTC down.
The Next major target is 19800 USD ATH of December 2017.
At the moment the major support is on December 2020 of 29k. Our huge previous support was 30k with many candles supporting it.
BTC to recover this winter would have to achieve 30k and after it goes to 43.5k.
According to the whole market in stocks and the interest rates going high on bonds. The parity with BTC and other FIAT currency will naturally push BTC down.
The Next major target is 19800 USD ATH of December 2017.