Looks like everything is calming down after all the bitcoin price action from the last 2 days. Currently we are at $11530 after reaching $12100 on Bitstamp.
Bitcoin leaders on Youtube have done a good job to calm the market. Crypto Advisor and Ravinder has reminded us that we have seen the same bitcoin price action in the last 2 to 3 years and we have nothing to worry about.
Here is Ravinder’s view:
And here is Crypto Adviser’s view:
I also saw this video below from Heajin Lee below. He is seeing a new pattern forming and maybe we will not see $7200 as he predicted 2 days ago. Amazing how fast things can change in the crypto world. He is seeing a head and shoulders pattern that will take at to $14000 and then $19000. That will be very nice, but the right shoulder must complete first otherwise it might be a different pattern. See the last part of the video for possible 2nd pattern forming that is more negative short term.
Here is his video from yesterday:
Please comment below with your thoughts on Bitcoin price? Are we going higher from here?
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