RE: Bitcoin 896-Day ‘Accumulation’ Spark $100K Bull Run?
Is the trip to $100K (and beyond) about to start? Analyst Positive Crypto believes the 896 days of re-accumulation are over and the trip to the moon draws nigh
Bitcoin 896-Day ‘Accumulation’ Will Now Spark $100K Bull Run — Analyst
According to an accompanying chart, the time since December 2017 has been “one massive accumulation phase,” during which investors repositioned themselves and bought in.
This ‘consolidation structure,’ as Positive Crypto calls it, is now ripe for disintegration, to give way to a new bull run which will obliterate the $20,000 zone.
He wrote in comments:
‘The last 896 days were simply one massive re-accumulation phase before the run to 100k+ #bitcoin, and the consolidation structure will soon be broken. Are you prepared?'”