BTC is currently inside a falling wedge , which usually means , it’ll pop out of it and hit the start point of the wedge
BUT
I think itll first touch 18k then it’ll break out of it , touch the 26-28k resistance ( this will take a couple of months to play out , say 4 months or so )
And then I have a hunch that
1. Tiwan issue might escalate
2. The MT Gox 137k BTC distribution will occur
And these two factors will act catalysts for the dip and it will hit 16 - 14k
BUT
I think itll first touch 18k then it’ll break out of it , touch the 26-28k resistance ( this will take a couple of months to play out , say 4 months or so )
And then I have a hunch that
1. Tiwan issue might escalate
2. The MT Gox 137k BTC distribution will occur
And these two factors will act catalysts for the dip and it will hit 16 - 14k
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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.