Bitcoin Price Watershed - Water Cannon or Waterfall?

Bitcoin Price Watershed - Water Cannon or Waterfall?

After ten months of decline, the only option for the Bitcoin price seems to be more downside. Analysis considers the state of the decline and defines confirmation signals for trend in the months ahead. Bitcoin Price Chart Overview. Two channels of price action imply two very different paths for price: The red channel, at first glance, seems to be the logical choice and implies a decline low around $200. If price does not break below the purple channel's lower trendline (with a caveat - see below) then, we face the prospect of an immediate advance. Fortunately, we don't have to guess....


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