We've Seen This Pattern Before! Bitcoin Can Hit $9,000+ Next

3 בינו׳ 2020

We've seen this pattern before... Bitcoin had a strong drop after EMA50 had a bearish cross with EMA300, then the BTCUSD chart produced the "3 Heads Pattern" which can lead to a very strong increase in prices... Let's take a closer look.

• On the left side of the chart, we can see the sequence completed.
  
• To our right, only the final jump chasing MA200 is left.
  

When we saw this pattern back in June/July 2018, Bitcoin prices went from a low of $5755 to a high of $8506, a 48% jump.

Right now the low was set at $6477 and if the same sequence is completed as it happened before, Bitcoin can easily move to $8,800 or all the way to $9,284...
What's your take?

Do you believe this is what will happen next?

Share your thoughts and charts with us in the comments section below.

Thanks a lot for reading.

Happy 2020. :)

Namaste.