It is not easy to make both technical and fundamental analysis’s with Bitcoin, anyway I think that the market can reflect some points so that we can read between the lines to find out some clues thereof.
- BTC/USD is currently in an accumulative phase
- This accumulation seems to be waited for some special events
- In a positive wise, it is then a breakout will be occurred soon to reach a new highs
- Negative scenario could but bring Bitcoin to it lower value, so below 5K handle
Personally I prefer for a further up move with this “crazy” crypto 😉 , so somehow there is some hidden value inside it.
Take your look at the depicted chart below for your reference:
Click the Play button to follow up the live price development