Today’s Market News – April 8

BTC/USD, accumulation may be sustainable until mid-July

Analysis of past patterns predicts that bitcoin may continue the accumulation phase until this year July. Bitcoin prices have skyrocketed recently but are still 75% lower than their high record and they are more likely to rise.

At least in the short term, bitcoin investment is attractive and will grow. Bitcoin had accumulated for up to 216 days to rebound after bottoming out in 2015. Therefore if these patterns are correct, the $ 1,000 candle of Bitcoin witnessed this week will be exactly the center of the 216 day accumulator and the accumulation process will end on July 19, 2019.

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