BTC has been consolidating for awhile. I am looking for it to make a strong move up to the 68600 level sometime right around APR 13 (White Circle). Don't get fooled into thinking this is the big move up, it's a trap. It is only a short term move to counteract the big drop that is coming across the board. There seems to be a strong indication that most markets will make a sudden reversal around this time. Not just Bitcoin, but all markets. Regardless of what BTC does, moving up, down or sideways the Key Date #1 Apr 25 (Yellow Circle), BTC should end out the month very close to where it is right now. Key Date #2 is Jun 1 (Yellow Circle) with Bitcoin reaching the 78000 level. At no point should Bitcoin cross below the Heavy Pink Line.
Kommentera:
Price Correction: 68600 should read 67600