Where is the Bitcoin price going?

in bitcoin •  7 years ago 

In the long term BTCUSD is trending up, in the medium term BTCUSD is trending down and in the short term BTCUSD isn't trending because the price is triangulating. We can even see a smaller triangle inside a bigger triangle this means price could keep going up and down in the short and medium term inside those triangles.
Until the price breaks $14k the long term uptrend will not resume. There is a danger sign for bitcoin holders if the price can't sustain itself above $10K because it will break the long term uptrend and the price can fall substantially like to ~$6K-$8K interval.

This isn't trading/investing advice it is just my opinion.

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