Bitcoin update. Bearish flag in the making, be aware of plunge to 3.5K$!
Hello Steemians and my followers,
as crypto market still in summer mode and remains very calm I do not post updates so often. However today I'd like to update Bitcoin chart as I see bunch of videos in youtube predicting that Bitcoin has already bottom and we should see a reversal.
I do not changing my previous forecast and still expect further plunge! This up move looks very corrective and likely will bounce from trend line as bearish correction:
Even if it breaks out of this descending channel the upside should be short term! Here's my alternative scenario (posted couple month ago):
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Note: This is not a financial advise or trade call, it's only my personal opinion and arrows in the charts shows just an indication of direction, not the specific points or targets!
Your crypto_analyst
@andriustovis
I think more likely 4500-5000, as the institutional big money would come in hard under 5k, and I think is what they are waiting for..Although of course we wont know until we get there.
Let's see! :)