Bitcoin Bull Market - What To Watch ForsteemCreated with Sketch.

in #bitcoin • 6 years ago

Bitcoin appears set to rise higher from around these levels, however we have to watch for the following down the road:

There is a similarity in pattern to price action in early 2014. Just like in 2014 price moved higher after the triangle breakout, but was repelled at the red line. This led to Bitcoin's biggest bear market.

To confirm a real bull market price needs to diverge from the 2014 pattern, by crossing the red line for starters.

This is not financial advice, do your own due diligence. I am not responsible for your trading decisions.

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

    Is this around $10,000?

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     6 years ago (edited)

    correct. but i would say we would also have to watch 12k.

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