Bitcoin Handle Formation Part-Way Done

disclaimer: this post is purely opinion, not financial advice, and all information found herein should be considered fake news

So far Bitcoin is moving exactly as anticipated. In my last Bitcoin post the chart was pointing towards a pull-back and a handle formation to complement the already completed cup formation. This handle may dip to 9K before the price rises again to complete the pattern.

Many bitcoin podcasts will always look for a reason for this pull-back, with some screaming about manipulation or some other nonsense, but so far the chart is textbook, and barring any weird turn of events I still believe the $14K-$18K price target before the halvening is in the cards. Could it go higher than that? It all depends on the circumstances and whether people start fleeing to safety this spring.

That being said, don't take my word for it. Do your own research and know what you are buying at all times. As the old saying goes, "if you can't tell who the sucker is at your poker table, it's probably you."

Thanks for dropping by.