Currently Bitcoin BTCUSD is forming a falling wedge, in case BTC breaks out it might send it towards the $5000 area (Green dotted line), before dropping again.
If we break down, it might be bad news since it might send us first towards the $3400 area (yellow dotted line), and if it doesn't hold, towards the $3000 area (Blue dotted line) and finally if we see a panic selling, it might send BTC towards the $2500 area (Red dotted line). Of course this will not happen before we have some kind of bounce, we haven't have any bounce since sep 5th.
The true is that in order to have a healthy grow in price, we need mass adoption.
I have to ask you: Have you ever saw someone in the streets using BITCOIN as a payment method? I am not talking about nerd and crypto heads, I am talking about the regular person, who just need a form of money to pay.
Thank you for reading and please remember to FOLLOW me and leave me a LIKE.
If we break down, it might be bad news since it might send us first towards the $3400 area (yellow dotted line), and if it doesn't hold, towards the $3000 area (Blue dotted line) and finally if we see a panic selling, it might send BTC towards the $2500 area (Red dotted line). Of course this will not happen before we have some kind of bounce, we haven't have any bounce since sep 5th.
The true is that in order to have a healthy grow in price, we need mass adoption.
I have to ask you: Have you ever saw someone in the streets using BITCOIN as a payment method? I am not talking about nerd and crypto heads, I am talking about the regular person, who just need a form of money to pay.
Thank you for reading and please remember to FOLLOW me and leave me a LIKE.