Any new information on bitcoin price development from Masterluc? Even in russian, if possible.
This thread just turned into mining debate, that has little to do with weekly price analysis. Not that it is not important, but more long term, than what we came for here originally. Technical analysis.
Thanks guys.
https://vk.com/bitcoin_vanga?w=wall-130254204_976"If we reach $1118, the bull wedge I described on March 25th goes into force. This, along with mentioned daily divergences, can send us towards ATH ($1200-1300). No higher, I think atm. Maybe it will start to draw some big triangle."
The wedge he mentions is described here:
https://vk.com/bitcoin_vanga?w=wall-130254204_917Thank you.
He basically predicts, that we will be moving between 1000 and 1300 for the following months. Possibly breaking towards new all time high in autumn. On another thread, Afrikoin persists on revisiting 800 before then.
Back in 2013, we also spend months moving between 100-130 before market capitulation at 85 and subsequent spike towards ATH at 1000 towards the end of the year. We might be for grand second round of that.