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RE: The Stars are Aligning for Bitcoin - Perfect Storm for Higher Prices?

in Threespeak4 years ago

I'm anticipating a dip, too. There is a massive multi-year wedge forming the upper edge of which runs from the ATH through the June 2019 and February 2020 tops and now the price seems to be right on the line and meeting heavy resistance. This is what I'm referring to:

image.png

It may touch the lower edge. But if nothing catastrophic happens, I don't think BTC will go lower than about $8000 and we may have seen that already.

I think this may be the time when the long march upwards towards a new ATH begins. Dollar cost average. Set aside what you can afford each week and buy BTC. If everything pans out, late 2021 is the time to get off the train to ride out the next bear market.