Bitcoin (BTC) is one of the most requested charts we receive so today we'll take a look into where price could go on this chart.
First of all, we can see for the past few months that price has been consolidating and clinging to a major level of support/resistance just shy of $30,000 before deciding which direction to move in next.
Is price resting before its next big move?
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Seems like all the self proclaimed charting experts are suddenly appearing to claim that they "knew" that Bitcoin (ticker BTC) was going to top out and make the free fall that it did... Not so fast my friends!
For well over the past year traders have been asking us what we thought about Bitcoin and our honest answer has consistently been "it doesn't matter what we think about Bitcoin but what's important is what story the BTC chart has been telling us... You just have to know how to listen to it and pickup on the clues that it provides."