BTCUSDHead and shoulder pattern breaking out the neckline the 8th of March
At 7750$, we are at support. Will probably see a technical rally but chances are the sell off will then go to the 6100 / 6800 zone of support.
Then with all the bullish events (legal ground for trading crypto in India, South Korea) and the halving, expecting a bull move.
Unknown: will the corona virus disappear with the heat of the spring? Will the markets resist and what happen to Bitcoin if there is a recession?
Great article from Charles Edwards on that matter
https://medium.com/capriole/the-coronavirus-black-swan-part-2-8791dffe8221
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Disclaimer
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.