Hey guys,
just sharing my thoughts on next bitcoin moves.
As you may know on 25.02 bitcoin 77 days MA crossed 231 days MA which is a bullish signal!
Also yesterday on 26.02 Bitcoin core team announced huge update: "Bitcoin Core 0.16.0 introduces full support for segwit in the wallet and user interfaces." This made some price action as well, but if we look at longer term BTC chart bitcoin still needs to break out from major resistance (downtrend) line which is above 11k$ at the moment!
That is why painted some possible BTC price scenarios:
I believe that scenario 1 is more likely to happen but you can never know. This might be a good time to look through and re-balance your portfolios, because:
P.S. Please comment bellow which one of them "1" or "2" you prefer/believe... or maybe you have totally different thoughts.
Good luck! :)
