Bitcoin moves up to 5k (70%) or drops to 2k level (30%)

16 Şub 2019

Hi guys, As expected, bitcoin breaks out the triangle Ake and the price increase about 10% in this week. However, if bitcoin can not break the important resistance level (4300) in coming weeks, the prices drops in to 2k level (triangle ABC) like it was happened about 3 months ago in 6k level (triangle Adg). On the other hands, if bitcoin breaks the resistance levels (4300, 5500), we aspect bullish term and the price will be reached in to 16k for the long term (end of 2019).