BTC/USD History Repeats Itself

4 de out. de 2019

There are undeniable similarities between current and historical bitcoin price action. A massive bull run, followed by a consolidation phase, where the price bounces between support and resistance and forms a descending triangle. When the price reaches the tip of the triangle it breaks down and moves sideways for some time, before going on the next run up again. This seems like a possible scenario right now, as there is almost no volatility for the past 10 days, BTC is gaining strength for the next potential bull run.