24.1.18

Bitcoin And The Falling Wedge Pattern, Shorterm Bullish Move to 20,000 Again

Bitcoin Chart now forming the Bullish Falling Wedge Pattern
Bitcoin, actually now is in the mania phase but don't worry, the bubble is not burst yet. The change of regulation in South Korea, the same event like China banned ICOs don't have any effect on the Bitcoin price.

Technical: Bitcoin is still in Up trend and the chart is forming the bullish falling wedge, the shorterm target price is $20,000.

Sentiment: Contrary to the crowd strategy is applied. Many people still believe in the big short, the bitcoin buble burst...so the bitcoin is still in uptrend.