BTC/USD next target ~ $5,650

in #cryptocurrency • 6 years ago

Bitcoin's still in bearish market, as it has lower lows and lower highs.
Another indicator may be that it failed to break-through that 200d EMA line. In 2017 bullish market BTC was above that line for quite some time.

Now we have either a big Falling Wedge Formation or big Descending Triangle. Hard to say as that lower line is tricky.

Next target is ~$5,650 which is that lower line support, and after that another small bull run to ~$6,800 is possible.
It looks like Bitcoin's going for 78,80% correction, and the price of $4,200.

BTC.jpg

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#bitcoin #crypto #btc #money
6 years ago in #cryptocurrency by
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