The big picture of Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Let's look at the bitcoin chart from the bigger picture. E.g. on the weekly chart. As you can see we are in the phase above the middle band and if we continue to rise like this without getting a correction of 20 or 30% then the bull market is going to be over sooner than many think. Personally I would like to see a big correction for Bitcoin .


There is likely to be a correction. However at what price do you think this will happen?
+2 Reply
@dmas1000 Don’t know man. Don’t think we are topt out already.
Love this chart bro!
+1 Reply
Looking good
Would you say the crash down to 47.5k was that correction you are looking for or do you expect more of a dip?
how did you draw this? I would like to learn...
Agree with your analysis. We do need a correction in order for the bull run to run longer. As long as we stay above 50k$ i think this would be very good !
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