I've checked out a few analysts and I am convinced that 2 areas of analysis may show Bitcoin's Pathway:
#1 The 4 HOUR MACD has showed a support line for almost 4 months and that support line has been hit already 5 times and almost 6! As price reaches the apex we should see a breakout. Its not sure which direction but I believe since selling action has been going on already for 4 months that there are much fewer sellers.
Also we may be seeing a ABCDE correction starting from Dec 2017. The A was the longest point from 20k to 6k which depleted many sellers. Then the B was a double top to major resistance at the $12000 zone followed by C which we just hit at $6400. I believe we are going up to D now at $8000 and then back to E at $7000 zone to compelte the ABCDE correction.
The white line is the pathway if $7000 support holds and if $7000 support breaks then we should see price dip to the $5000 support line and take that pathway.
Hope you enjoyed my price forecast for Bitcoin. If you would like to see more forecasts like this please upvote and resteem!
