Bitcoin medium term chart analysis

in #bitcoin • 7 years ago

Hi Everyone, Some possible scenarios for the future of the bitcoin price. Bitcoin has been moving up along a nice trend line since April.

I would expect price to continue sideways for a while but It could break out either way. To the upside the $5000 will likely produce a pullback before new highs are made.

If we break below the long term trend line then there wont be much support until $3000 and below that $2000.

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Thanks for reading and let me know in the comments if you find this useful.

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7 years ago in #bitcoin by
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