Bitcoin’s watershed day – 1 April 2019

After a general climb of nearly eight weeks, Bitcoin has finally reached the “GO / NO GO” point.

A “GO” situation means that BTC will break free from the current pattern – a converging triangle – and reach new 2019 highs. This would be the real beginning of the next bull market. 

A “NO GO” situation means that BTC will bounce off resistance in the $4150 to $4200 region and return to lower levels of between $3720 and $3600.

On the charts below, the white lines are the upper and lower borders of the tapering triangle. The yellow lines are previous price movements

About the author: Bit Brain

A walking crypto encyclopedia. Honest, Realistic, Opinionated. Futurist, Autodidact, Polymath.