BTC Analysis: Key Scenarios for the Coming Move
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
In this video, I explain three possible corrective scenarios for Bitcoin’s current price action: a contracting triangle with reverse alternation, a diametric, or a complex correction. The diametric currently appears to be the most likely outcome. Overall, the upward trend remains weak and fragile, suggesting it may only be corrective before the larger downtrend resumes.