- April 19, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) continues to follow the pattern of February – June 2019. The consolidation on the Higher Lows 1 has now been succeeded by a consolidation on Higher Lows 2. On June 10 2019 that started the final rally, roughly symmetrical to the one that took the price from Higher Lows 1 to Higher Lows 2 (+75%), to the 13900 peak.
If BTC continues to replicate this, then the current Higher Lows 2 should give way to a +48% rise that can take the price to $40000.
Is this how high the next leg up can go? Feel free to let us know in the comments section below!