Bitcoin Price Technical Analysis: "April 16, 2018" - Long-term analysis "

Is this an indication of more promising things to come or will the weights of various crises of Bitcoin pull once again? Let's look at the chart this suddenly turns out to be a curriculum and turns back at $ 8,000 and even more,

Mid Term Analysis

its price is in bitcoin, which slowly dropping below $ 7,000 BTC holders last Week is got a pleasant surprise. If it is difficult to have a descending resistance brake at the current $ 8,000 level,

Short Term Analysis

its bitcoin may expect a strong reaction toward holding a lateral market, its lofty consensus agrees to believe that the big two waves of recession by the theory of Elliot that Should be found at the random point in the area.

If it fails to do so, its technical bounce can be considered for any bid below $ 5,000. It is a matching to end the current cycle and its beginning is a $ 14,000 towards a big three-speed movement,

with the other two calculations from the same theory, the example is mid-term V on the meltdown wave and it is close to the 5th position of the bearish wave is on.

image source - https://bitnewsbot.com/bitcoin-price-testing-different-patterns-trying-to-break-resistance-at-a-tough-level