israelssmith

Breakout to the downside possible.

BITSTAMP:BTCUSD   Bitcoin
Until/unless Bitcoin breaks the recent high to the upside I think a correction seems like the most likely outcome after this explosive move in the price of Bitcoin. With the dramatic changes happening in our monetary system I would imagine after a short term correction the newly established bull market will continue its run and soar past all time highs as it begins become established as a store of value. As a matter of fact, EVERY SINGLE TIME Bitcoin has broken one of these patterns to the downside, it eventually rallied even higher than it was before. The bears cannot keep bitcoin down!!!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.