BTC price movement may copy sine line. Technical analysis (Triangle pattern) and Fundamental analysis (a lot of good news about adoption and regulation of BTC) confirms this scenario. However, BTC price falls dramatically each January and recovers from mid of February till April. Currently situation is pretty bad as the price went below Fib 0.786 support level and is under the ichi cloud, Stoch RSI is in an overbought state. It seems that it follows pessimistic scenario from the previous analysis. Do not panic and wait till April. To sell before April is senseless. Moreover we expect an entering of institutional investors to the market. It is about time for BTC to recover we are sure in it.
Yorum:
The price moves in a sine pattern and broke out of the triangle
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