Bitcoin continues to show strength. Should this persist, I can envision the following correction scenario: a falling wedge pattern extending through the end of October. In this case, the $45k level would not be reached; consequently, traders anticipating a "doomsday" scenario would be caught off guard and forced to chase the rising prices. Invalidation point: price dropping below $56k within the next two weeks.
@PeterDiamandis That's why schools will soon only have strictly regulated AI. Of course, only for the "protection" of the children. This AI will spout the same nonsense as the teacher, just with an artificial voice.
Over the past three months, BTC has formed a bearish flag, which is now breaking to the downside. GM Frens. At least the price managed to reach the 200 SMA, though it failed to break above it. Should the current trend momentum persist, we are likely to drop below $50k quickly. Only at that level do I anticipate a prolonged period of consolidation—though not yet the ultimate bottom. Good luck.
Over the past three months, BTC has formed a bearish flag, which is now breaking to the downside. GM Frens. At least the price managed to reach the 200 SMA, though it failed to break above it. Should the current trend momentum persist, we are likely to drop below $50k quickly. Only at that level do I anticipate a prolonged period of consolidation—though not yet the ultimate bottom. Good luck.
Retest complete. GM folks. After reclaiming the resistance at 73k, we saw the line retested as support. It held. Next stop 84k. To avoid jeopardizing the rally, the price shouldn't fall below 73k. Good luck.
Bingo. The $3 mark was reached today. A minor correction is likely to follow, after which the upward trend should continue into the range of approximately $5.50.