Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
blade87
on 26/05/2017, 18:18:21 UTC
1d chart had a shooting star, and now the 3d chart is getting close to forming one. We have a descending triangle now the 2-4h charts. It looks pretty bearish. I still believe Bitcoin will hit new highs later this or into 2018, but I wouldn't be surprised o see us enter a micro-bear market for a little bit and drop back below $2000. The 2013 run up had a similar drop from $750 to $450, before continuing on to $1200.

Otherwise, this run up wasn't even close to enough to cause a major multi-year long bear market.