Bitcoin's next move

٣٠ أكتوبر ٢٠١٩

With Bitcoin's current consolidation nearing completion (confirmed by the declining volume), it's time to prepare for BTC's next move. Three potential outcomes are:

• Break up to continue a bull run up to $12,000
  
• Break down to $8,600, but hold the previous downward resistance line as support before moving back up for another attempt to pass $10,000
  
• Break down and fall back within the previous long term downward structure. This would likely mean another test of $7,000 support.

Save crucial space on your Trading View chart by utilising the free RSI and StochRSI indicator which overlays both in a clear and helpful fashion.

Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.

٣٠ أكتوبر ٢٠١٩

ملاحظة

٣١ أكتوبر ٢٠١٩

ملاحظة

Potential breakout to the upside