Bitcoin (BTC) Stock Chart:
Do keep in mind the chart displays weekly candlesticks.
Source: Finviz
Gaze upon, some signs are appearing in the BTC chart.
4 dips are depicted - based on accumulated trading experience (which I'll try to put up somewhere for credibility or maybe with the results of past postings). The accumulated dips, say 65% of the time, during a long/'great'/controversial decline, meant a substantial upward movement, should be seen soon. I've experienced losses, despite some good formations, that I should wait the for the fourth dip, for charts showing a long/'great' decline.
Plus, I like the way the last few candles are formed - a tiny dip below the rest that just came before.
Do of course conduct your own due diligence. The amount of upside could also be limited, given the array of external factors Bitcoin is now facing eg legislations and quantum technology, to name 2, tho bearing in mind that sometimes, there are silver linings.
Verdict: 65% chance only + it is an 'optimistic' chart, to me.
