Does the price of Bitcoin move in ranges?
Bitcoin has broken out of the range that has been held for approximately 88 days repeating the previous price range cycle
3 months ago I made a post indicating the previous break, 88 days later the range breaks again.
Graph from 3 months ago
If we measure the previous range and project it, we can define a new range up to $ 14,000. The price of Bitcoin today has slowed down touching the dotted line, which indicates the center, of the new range.
This new range would be between $ 12,000 to measure a possible upward range that would take the price to $ 14,000
We can expect that in the coming weeks bitcoin will rise to its maximum and then correct, possibly remaining in the new range.
Will we repeat the 88 days again in this range?
What you think?
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