Bitcoin is respecting the long term trend line forming a descending triangle, which we have reasons to believe will hold for about 210 days yet consolidating between the 4000s and 8000s.
The 9th of march BTC completed the XABCD pattern so called "Bat" type and reached the first target zone into the 7000s. Expectations after the current move are that BTC will continue higher aiming second target zone above 8000$ possibly testing again the long term trend line.
The 9th of march BTC completed the XABCD pattern so called "Bat" type and reached the first target zone into the 7000s. Expectations after the current move are that BTC will continue higher aiming second target zone above 8000$ possibly testing again the long term trend line.