Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Morningstarr
on 18/08/2022, 15:28:24 UTC
Quote from: 348Judah on Today at 01:29:37 PM
Quote from: Morningstarr on Today at 07:39:14 AM
Quote from: JayJuanGee on Today at 03:30:31 AM
Quote from: ThemePen on Today at 12:36:04 AM
Will that trend continue?

Source.

Personally, I believe that the trend is going to continue  until it stops continuing.


I think BTC is moving towards 18000$ again because this pattern is of a rising wedge If BTC consolidates its position at $18,000 and we hear good news about the global economy so this will be the bottom, otherwise the next target may be $13,000 to $12,500.



https://twitter.com/StockmoneyL/status/1559624933516447744?t=0IBdVqlFWv8D1oPQl8EJWQ&s=19

this is the trend on previous years about the bitcoin price, the rise and fall are two incomparable entries that has given the bullish more upper hands than the bear, and despite the current dip, the more the tendencies to continue the rise from the history records for a more bullrun more in expectations between now and next year.

If we assume that history repeats itself as shown in this chart, then this calculation also gives us another opportunity because if you look at this chart Whenever the market has moved towards improvement after being dumped, it has been dumped again after a few weeks means it has retested the bottom, So BTC can reach again 20000$ to 18000$.