Bearish flag rising wedge on bitcoin shows that we are in crucial point.
The invalidation will be #bitcoin touch and break 25 000
Otherwise we will see soon 21 000 and fall below 20 000 in September that could end in another -50% crush of all Cryptocurrency market.
I expect crush, taking into account that in September there will be a milestone change in cryptocurrency world - #Ether goes PoS and miners earning by PoS mining will lost almost 50% of their income being forced to sell their mining hardware, fire personal, sell mined coins and liquidate their business.
The invalidation will be #bitcoin touch and break 25 000
Otherwise we will see soon 21 000 and fall below 20 000 in September that could end in another -50% crush of all Cryptocurrency market.
I expect crush, taking into account that in September there will be a milestone change in cryptocurrency world - #Ether goes PoS and miners earning by PoS mining will lost almost 50% of their income being forced to sell their mining hardware, fire personal, sell mined coins and liquidate their business.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.