BTC to 10-12k before move up based on logarithmic chart
BTC long term idea based on logarithmic chart. Short term up to high 28-29k, then down to 10-12k before move up. The momentum of BTC is slowing. Each consecutive cycle has less steep trendlines. The upper trend lines tend to confirm the lower trendline. Based on the last 2 cycle highs of BTC we can anticipate the lower trendline which would bring BTC down to 10-12k.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.