nanopowered

Bitcoin - BTCUSD - Head and Shoulder

BITSTAMP:BTCUSD   Bitcoin
BTCUSD

Head and shoulder pattern breaking out the neckline the 8th of March
At 7750$, we are at support. Will probably see a technical rally but chances are the sell off will then go to the 6100 / 6800 zone of support.
Then with all the bullish events (legal ground for trading crypto in India, South Korea) and the halving, expecting a bull move.

Unknown: will the corona virus disappear with the heat of the spring? Will the markets resist and what happen to Bitcoin if there is a recession?
Great article from Charles Edwards on that matter
https://medium.com/capriole/the-coronavirus-black-swan-part-2-8791dffe8221

Penafian

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