BTC Logarithmic Chart - Channel
The channel seems to suggest two outcomes:
(1) The current run may continue to $1000 before a correction
(2) Resistance at $500 - correction around this price level
BTC is heavily news driven and next weeks Senate hearings may be the deciding factor here. It may also serve to legitimize it in the eyes of the public (to some degree). Equally the US government may come out strongly against it.
In my view BTC is going to $1000 before Christmas.
(1) The current run may continue to $1000 before a correction
(2) Resistance at $500 - correction around this price level
BTC is heavily news driven and next weeks Senate hearings may be the deciding factor here. It may also serve to legitimize it in the eyes of the public (to some degree). Equally the US government may come out strongly against it.
In my view BTC is going to $1000 before Christmas.
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