Bitcoin (BTC) Is About To Enter A 2017-18 Styled Bear TrendBitcoin (BTC) Is About To Enter A 2017-18 Styled Bear Trend

Bitcoin (BTC) is about to begin a 2017-18 styled bear trend that is finally going to pull the price towards its true bottom. Last month, BTC/USD closed below the important 61.8% fib retracement level shown on the monthly chart. This confirmed our bearish bias and now we expect further downside to follow in the months ahead. Price action of the last few months shows that the price ended up leaving long wicks to the upside but it failed to invalidate the bearish setup. To think that BTC/USD is going to begin a new bullish cycle from current levels would be…
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