Simple Analysis

١٤ ديسمبر ٢٠١٩

I'm a simple guy. I see basic patterns, I draw simple lines. This log chart shows some very clear patterns in the past that have turned out true and fine. We can see that, with some exceptions, we have stayed within the ascending channel since the beginning. We are nearing the bottom of that channel again, around $6,400 in the next week or two. Judging by the entire history of BTC, I can only assume we won't change this pattern and will bounce back up at around that level. If I were a betting man, I would say we will reach around $12,000 or so by the end of January, mid February time frame. We'll see how it plays out.