Investors whether small or large and experienced traders are closely observing #Bitcoin to confirm any reversal pattern. Despite of 180% rise in #Bitcoin price during current year since its bottom, most people still doubting of its reversal.

I am sharing here my thoughts. Lets read step by step. 

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Few Words About 2013 ATH

The November, 2013 ATH @ $1163 was followed by a major decline of about 82% in its price.

In June, 2015 the #Bitcoin found its support on WEEKLY Time Frame at 200 MA which provided a little bounce at first attempt.

Later in Aug-Sep, 2018, 200 MA provided supports once again, this second support proved very healthy for #Bitcoin price and that kept growing.

Few Words About 2017 ATH

After printing a peak at $19666 in December, 2017, #Bitcoin faced once again an 83% price decline.

In December, 2018, #Bitcoin price found support at 200 MA on WEEKLY Time Frame which provided a minor bounce.

Later in Jan-Feb, 2019, 200 WEEKLY MA provided another support and that bounce proved to be healthy once again.

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The next important argument is that #Bitcoin developed harmonic reversal pattern.

The exciting thing to read here is that the harmonic pattern started to build when the is a first bounce at 200 WEEKLY MA and completed when there is a second bounce on 200 WEEKLY MA.

This is amazing.

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After the completion of Harmonic Reversal Pattern, #Bitcoin also found support on 50 EMA at Daily Time Frame.

This 50 EMA was acting as a strong resistance at #Bitcoin's price since its ATH.

This is another positive sign.

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The next positive sign is that #Bitcoin have had a 50 MA and 200 MA Golden Cross on Daily Time Frame.

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#Bitcoin breakthough and support accepted at 50 EMA on WEEKLY Time Frame.

This is also a positive aspect for #BTC price growth.

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On 22nd April, 2019 weekly candle, there is a 4 MA and 50 EMA cross on WEEKLY Time Frame as well.

Previously we had this cross on 26th October, 2015 WEEKLY Candle.

This served as another reversal sentiments on #Bitcoin market.

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On 2 WEEK Time Frame, MACD flipped bullish when there is a breakout at $4K #Bitcoin Price.

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The Higher Time Frame, Monthly Time Frame printed Three White Soldiers Pattern which is another bullish reversal sign.

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#Bitcoin printed a 21 EMA breakout on 1st April, 2019 WEEKLY Candle, the similar breakout was observed on 12th October, 2015.

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On 25th May, 2019 Super Guppy turned bullish on 3 Day Time Fram. Previously, it turne bullish on 21st November, 2015.

Conclusion:

We are due for pullback towards $6K Region.