Lets see some Bitcoin chart on 1 Day chart and you can see we are still on uptrend. YESSS :)
Here is the story Bitcoin price swing start an uptrend last year April and has not broken since then. Even bears of June 2017 and current market conditions Bitcoin is still in uptrend.
There are three lines in channel as defined.
Bottom (Supporting uptrend)
Neckline 1 and 2 (Showing resistance)
This chart is drawn on extended all three lines to year end. It is likely that Bitcoin price will remain in between these three lines.
YESS we are gradually going up.
The circle in the chart shows FOMO which caused a extensive growth in Bitcoin's price which was not backed by enough demand. The FOMO was there due to CBOE and CME listing.
I am expecting next FOMO on NASDAQ Bitcoin Future listing.
It is clear that how since list year Bitcoin's price is hovering inside these three lines which I term as Organic growth of the asset except for the FOMO event.
I'm betting on a close to All time high by year end and YES it can also go higher if FOMO breaks again.
Choice is yours. ;)
If you like my post kindly resteem it for a bigger cause :)
Tip Jar :
Steem / SBD : @Shafay
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