Bitcoin Has To Break This Pattern To Be Bull Again

25. Juli 2018

SO this is really simple, bitcoin has to destroy this pattern of lower lows and lower highs to stop the bear market and get back on it's bull run. When bitcoin will break 10k, that will be very bullish. When bitcoin will break 12k, that will officially mean the end of the bear market for me. Will this happen now ? I have no idea. The 200 daily moving average (8.6k) will be a important test. There is a lot of strong resistances front of BTC but who knows, maybe this will be the good bounce. I'm still a bit more bearish than bullish right now, however we can see a lot of good news in the market atm : ETFs, Coinbase index fund, interest of institutional investors... The hype is there.

So well be ready for both options, let's see what will happen and enjoy the show !

Stay tuned for more updates guys,

Fred