We can't predict when this will happen, but right now this is what we are seeing..
The price is trading within a channel right now with an obvious downtrend. We believe that this is creating a bullish downward wedge, which can cause some explosive move to the upside. Once the upper channel of the wedge is broken with some volume we believe that bitcoin will make one of those explosive moves and will actually move to new all time highs when that happens! However, it might stay in this downward trend for a little bit longer before exploding higher.
It will be interesting to see what ends up happening here! Best of luck to All!
The price is trading within a channel right now with an obvious downtrend. We believe that this is creating a bullish downward wedge, which can cause some explosive move to the upside. Once the upper channel of the wedge is broken with some volume we believe that bitcoin will make one of those explosive moves and will actually move to new all time highs when that happens! However, it might stay in this downward trend for a little bit longer before exploding higher.
It will be interesting to see what ends up happening here! Best of luck to All!
