Bitcoin is Ending Giang Falling Wedge and Cumulation Zone

4 thg 1, 2020

Bitcoin - moves in the accumulation zone for more than 40 days and will remain in this zone for some time. The sideways move slowly but surely to the upper trend lines of the big Falling wedge, which breaks up within a few weeks. Until that happens, Bitcoin will leave little Altcoins space to complete their bullish structures. This will allow the capital to be spilled from Altcoins, back to the BTC and then into the HighCaps. Being in the accumulation zone, any BTC purchase ranging from 7800$ to 6400$ is convenient, but be prepared for 5500$ BTC re-buys as well. The most important thing for BreakOut is a sharp break of 7800$. This will be a bullish signal that the BTC is no longer going down. BreakOut can also be helped by BTC Halving, which can cause Bitcoin price levels to rise.