BitcoinSingkat
The weekly chart really looks horrible
The bitcoin price chart looks like a standard breakout-retest pattern indicating the bear run in the next few years.
Take a look at the daily timeframe. The highest point of the wick is exactly at the previous long term support line (which has turned into a resistance), which prove the validity of the long term support line that I have draw.
The next support level is at ~$5500 to $6000
Take a look at the daily timeframe. The highest point of the wick is exactly at the previous long term support line (which has turned into a resistance), which prove the validity of the long term support line that I have draw.
The next support level is at ~$5500 to $6000
Penafian
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