Only 3 times BTC gone 8 straight weeks positive (since the price was >$100), we are in the 3rd cycle. The first 2 times BTC went 8 straight weeks positive, the price action never returned to the previous low of the cycle. EVER! 1st time Monday 14 Sep 2015 120% in 8 weeks -40% pull back in 1 week The price never ever returned here. 2nd time Monday 17 Apr...
The BTC daily chart has been bouncing off support line. The Daily candle yesterday closed red and is looking like it may close red today. Is a pull back to the support line upon us? If so the price could pull back to the mid 55k range.