The three rising valleys (3RV) pattern on the bitcoin chart has always been a reliable chart pattern to predict future price based on back testing, and the confirmation of breakout of the pattern which begun on 13th March 2020 and ended on 11th May 2020 with breakout on 1st June 2020 gives a reliable prediction that the bitcoin price could reach $15,886 in the next few months.
Other chart patterns also support this idea that bitcoin could be in the next bull run. There are several Inside Day (ID) patterns that forecast prices above $12,600 USD, and Pivot Point Reversal patterns that also are bullish.
Every pattern on the chart is currently bullish, so this could be a very good time to buy bitcoin.
Let me know your thoughts and give the idea a like if you agree.
Other chart patterns also support this idea that bitcoin could be in the next bull run. There are several Inside Day (ID) patterns that forecast prices above $12,600 USD, and Pivot Point Reversal patterns that also are bullish.
Every pattern on the chart is currently bullish, so this could be a very good time to buy bitcoin.
Let me know your thoughts and give the idea a like if you agree.