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BITCOIN (BTC / USD) BANG !! Exceeded Historic Highs 64500 dollars. Bitcoin Repeats Bullish pattern. If you are a bitcoin investor you should see this pattern.

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@criptoar
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I told you 7 days ago the bullish pattern of Bitcoin and it has fulfilled it. Bitcoin has reached the all-time highs 64,500. Dollars

The bullish pattern was repeated and Bitcoin reached the historical maximum price.

What can happen the next few days

We will see

Bitcoin is climbing gradually forming ranges.

This is the link of the article in which I analyze the bullish pattern of Bitcoin

It has already made 3 ranges and has broken to the upside and the price is forming a fourth range.

Now it has exceeded the historical maximum, a great psychological resistance and many investors who want to take profits.

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Let's start at

The price was already forming the new bullish channel, it would be the 3 time that the same pattern has been repeated.

Now it has exceeded it and if we repeat the pattern of the previous range we would be at moment 5.

Below I describe the moments detected

Accumulation channel

1- After each break of the previous channel, Bitcoin hits a high and goes back a little more than 3%.

2- Reinforce the channel by touching its lower and upper limits.

3- Make false breakout price higher, low volume

4- Retest the lower limit of the Bitcoin price in the channel, with good stop volume.

5- Breaks the channel in a bullish way, with an increase in Volume

Current situation

Bitcoin after starting to form a new range has made a false break down, but quickly the price re-enters the range and touches the upper limit and bounces and breaks it again, reaching the price of Bitcoin at the historical maximum and exceeding them.

The range has been broken to the upside and by making the price of Bitcoin a new high I do not think it will return to the previous channel, it may or may not form a new one

Maybe one week we will return to form a 4 range for the 70,000 or 80,000 dollars maximum.

This pattern has already been repeated 3 times, breaking the maximum could mean that this price movement pattern changes or not.

Bullish

With a new break to the upside we have already exceeded the historical maximum of Bitcoin, it has broken it quickly, which could mean that the price could continue to 70,000 or 80,000 without a strong correction.

Down

You always have to look at different possibilities of the price, although bitcoin in the long term indicates that it is bullish.

But there is a lot of interest in Bitcoin, and I don't think it can bring the price down that much in value.

The setback could be marked by the bullish rally that it had in recent weeks.

The 59000 to the 58000 can be a good resistance but since I exceed the maximum the chances are low.

I will continue analyzing when we find ourselves in this bullish pattern of Bitcoin.

What you think, Bitcoin too the Moon?

Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

We will continue monitoring To be attentive Protect your Investments

Feel free to use and share my post or graphics, but please mention, @criptoar as the author. Otherwise, consider plagiarism and I will call you and advise my friends to do the same.

READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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