It is all on the chart. I see a lot of similarities with marked move which happened in prev cycle. We could see big pump in next week and selloff around 22 february - SEC news. Many people will take profit because of uncertainty.
My optimistic point of view for Bitcoin in couple of next months. Maybe far from reallity but this can actually happen if we go through this correction any soon.
My prediction for next two months is reflection of previous months. The support line of 1300$ in my opinion will be reached but reaching 1000$ wouldn't surprise me at all. 1000$ has a historical meaning in bitcoin and reaching that point would make great foundation for further trading. I expect big movements a couple of hours before august 1 because many people...
As you can see we have M patterns which are quite obvious and they speaks for themselves. First two of them finished its way dropping for 70% after they reached their tops. I expect no difference this time (first support line at 2300$). After, if bears continue their mission we could potentially drop to 2100$ Then if you are brave enough you can exploit short buy...
I am tending to bearish wave to continue despite 4 strong support levels. It is not a bubble but for sure market is overbought and downtrend is a must to have healthy long buy opportunities. I especially emphasised the 1. august on the chart because there could happen literally anything.
