Bitcoin (BTC) is long overdue for one strong move to the upside that can complete the bullish gartley pattern seen on the daily chart for BTC/USD. This move would also position Bitcoin (BTC) for a fall on the weekly time frame and thus set the ground for the final corrective wave to the downside. However, before that happens, a move to the upside is mandatory. We have called for this move in most of our previous analyses but the price has been stalling this move so far. We also mentioned that this move will occur around the end of a week because BTC/USD will have to close the weekly candle above $4,000. The price currently holds strong above the 21 day exponential moving average and it is extremely unlikely to slide below it before the bullish gartley comes to fruition this time.
In the recent past, we have seen most cryptocurrencies outperform Bitcoin (BTC) because the altcoin space received better news than Bitcoin (BTC) did. Samsung’s blockchain wallet was found to have…
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