if you remember my recent posts on this subject, here is a set of new evidences and signs, why I believe Bitcoin is going to decide soon whether it should go up or fail, NO MORE SIDEWAYS!
and if you have missed those posts, please check'em here:
- https://steemit.com/bitcoin/@honarparvar/bitcoin-in-the-edge-for-the-move-big-one-maybe
- https://steemit.com/bitcoin/@honarparvar/bitcoin-price-prediction-by-the-end-of-2018
Rising in adoption
more people are really using bitcoin these days! there are several reasons for that, I would like to address my favourite: FIAT money risks of devaluation!
isn't that beautiful?! we were talking about wide fluctuations of Cryptos but now, financial collapse samples like the turmoil in Turkey and Venezuela markets, increased the adoption and penetration rate of cryptocurrency.
Technical Analysis
as I have explained before, we are facing a convergence in trends and I expect a breakeven in about two weeks from now.
you may also like to watch this video:
In this video Jebb discusses a powerful Bitcoin pattern that will have a major impact on Bitcoin price action over the coming days as I explained before, it can be bullish or bearish; but not sideways.
impact on STEEM
To be honest, I'm more excited to see a bull run in Bitcoin, because of the impact it will have on STEEM!
The crypto sphere have shown a very strong dependence on the Bitcoin trend so far. I hope this will disappear soon and cryptos get rid of the BTC shadow above their head all the time.
Stay juicy in your trades 😉