Bitcoin Price Prospect: 22.03.2018

As I mentioned before, Bitcoin price is staying in the range of $8900-$9100, and still making the reverse head&shoulders pattern.

There are two probable cases for this current pattern. The first one is what the dark pink line indicates in the image above, which means Bitcoin price will show the straight rise after touching the right shoulder at $8750. The red horizontal line is our short-term target price line since it is the middle point of the long red-filled candle. At this point, it is recommended to trim some(not much but like 30%) of holdings and liquidate.

The second case is shown as the movement of the blue line in the chart. it could touch the bottom part of the trend line at $8750 again, and then complete the whole pattern to rise up.

In short, nothing has changed for my Bitcoin price prediction, and all we have to do is waiting for the following uprise of the price. Get ready for it.