Bitcoin neckline has been broken.
Posted on 12/29/2017
I know it may sound scary but prepare yourself for bitcoin to drop soon, I hope I’m wrong, but that’s what the technicals are showing.
If Bitcoin confirms double top it could drop below $12,000.00.
If that happens it automatically triggers head & shoulder pattern which would take us to $8,000.00.
Major drop is inevitable, crypto market needs to flush out all sellers. If there are more believers than speculators then crypto will hold $8,000.00 level otherwise prepare for crash.
Bitcoin is very week along with other crypto currencies. It will become sleeping giant, but once it wakes up it will be historic.
Take it from the positive side that it will be your opportunity to get Bitcoin at discounted price.