RE: A “Massive” Bitcoin Move Pending?

A “Massive” Bitcoin Move Is Pending: Here’s What Analysts Expect Is Next

Bitcoin has been stuck in a tight consolidation pattern over the past six to eight weeks. Prices have barely deviated from a relatively tight $2,000 range, with each attempt at breaking out failing dramatically as millions of dollars worth of leveraged positions are liquidated.

Yet at long last, a big move is coming, an analyst has said.

He shared the chart below, arguing that his use of a “time-based Fibonacci extension” found that a move out of the range is likely to take place in the coming seven days. And according to him, the breakout will be on a ‘massive’ scale:

‘We have spent 49 days today inside this exact range shown. The move when it comes should be massive. Position accordingly.’”


SavannahBTC Master Asked on June 18, 2020 in Bitcoin.
Add Comment
1 Answers

It’s getting to be that time with the halving now several weeks behind us, Bitcoin is about to breakout and big time!


Master Answered on June 18, 2020.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.