Analytics: Bitcoin true bull run will take place in July

Lebedev

Lebedev

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Jun 26, 2018
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Josh Rager - trader and crypto analytic is sure in that Bitcoin instability will continue till the middle of summer, after what a long-term price increasing will start.

By his words, today's way the bitcoin price go through has already been seen in year 2015: after the main cryptocurrency has been to the historical button, a new bull 216 days long trend was started.

What is more, a bull candle worth $1000 that appeared on 2 April shows us that today we're in the middle of current accumulation stage. And it will end somewhen on 19 July. However, trader made an emphasis on that it is no more that his hypothesis.

Some time after he has tweeted an image that supports his theory.

Analytics: Bitcoin true bull run will take place in July


This graph shows accumulation zones and that they are bordered by Simple Moving Averages (SMA) with periods of 100 and 200 weeks that work as levels of resistance and support.

If his theory is true, to start a new historical bull run all the bitcoin has is to break through the resistance level which is 100 MA.
 
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