I have been trading binary options for a long time and understand the technical analysis and the formation of various shapes. If you look at the bitcoin chart now, the price moves within the corridor. Like the man said above, now goes flat. This of course worries me, because it can be broken through the level of support. This is how the market works. But if you look at the chart in the expanded form, now a bullish flag or triangle is formed. This figure is called differently. And the pulse time is approaching. Either a strong impulse up or breaking through the bottom, with a rapid rollback up.


Naturally, I really want the price of bitcoin to grow up, but I am a realist, I see a chart and I understand that we will see new highs only next year. Winter this year (even in January) the price of bitcoin will be around 8-10 thousand dollars. This is purely my forecast for six months.