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Bitcoin Bear Returns Below $12,000

Bitcoin Reaches Previously Identified Resistance Area Below $12,000 The $12,000 price was previously mentioned as a significant level and the target of the bull retrace: Conjunction of Resistance Lines on the Weekly Price Chart No sooner had this resistance level been reached than a bear move set in. On the weekly chart we observe that […]

The Anatomy of a Bitcoin Crash

2018-01-20_BitcoinBuyOneGetTwo

The unpredictable crash Unrealistic statements such as on one side “Bitcoin will reach USD 1 Million” or on the other side “Nobody could predict this happening” or “it’s a fool’s errand to predict the Bitcoin crash” have populated cryptocurrency forums and social networks lately. Nobody could predict… Well! Not exactly. We warned all the way […]