Bitcoin price movement heard the cries when Bitcoin BTC broke past the $1000 psychological barrier. However, it appears that the hard time is not just over yet as Bitcoin price is moving into the fourth consecutive head and shoulder pattern within a short span of 20 days. If the pattern forms, a new low is coming below the critical $9500 support. Bitcoin is...
The king of cryptocurrency Bitcoin BTC is on a roll again and Bitcoin price has hit $10,000 for the second time in the same week. Not surprisingly the hike came in a flash rise which seems to be the popular Bitcoin trend for quite some time now.
Bitcoin price prediction specialists are pouring their opinions on Bitcoin BTC price movement in one after another as usual and it seems the bulls are going to take lead this time after all.
Bitcoin price movement shows a reverse head and shoulder position and the price is likely to shoot up above $10000 mark and sustain the levels after that.
Bitcoin head-and-shoulders pattern loop was derived out of market sentiment as a side effect of too many price predictions while Bitcoin price movement was dodging most of them and even some of the most prestigious analysts failed to predict BTC price movement properly at that time.
The king of cryptocurrency Bitcoin (BTC) has made a comeback today when the Bitcoin price hit the $10112 mark after playing out of the three consecutive head and shoulders formations.
Bitcoin price had been moving on a flat line for the past few days at $7400 range.
The king of cryptocurrency Bitcoin (BTC) seems to be in a loop of similar formations on the thirty-day Bitcoin price prediction charts. Bitcoin price seems to be repeating the head and shoulder pattern over the past few weeks as the price bar hits new lows. Another formation is in place at the time of writing.
Read More: Cryptopolitan.com
Ethereum price played out a head and shoulder pattern from 14th to 28th of August and it seems that similar action is in play. ETH price is rising to form the head and soon after the price is likely to drop below the $170 mark.
