The current market situation favors the medium to long term buy bias for Bitcoin. This opinion is shared by an expert, trader, author of trading courses and creator of the site Lazy Trader Rob Colville.
In his next video, he presented many technical factors in favor of his prediction. He believes that many of the conditions, which are necessary to enter the market, have already been met. In addition, the end of yesterday's close as a bullish pin bar reversal made it possible to determine the purchase zone based on the main and secondary ABCD pattern and 0.618 and 0.786 Fibonacci retracement.
Rob regularly writes author materials for such authoritative magazines as FX Street, Forex Peace Army and FX Trader Magazine. He conducts courses on trading on the Internet and is an active participant in fund The Princes Trust in in London.
At the time of publishing the article, the average Bitcoin’ rate on the major crypto-exchange exchanges was $8,715.