BTC Trend Analysis & What We Can Expect
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Looking at the short term trend using the 8 ema , every time there was a monthly close below it, a dip followed. If history repeats itself and this isn’t a generational top, then perhaps a flash to 20 and a few months to get back above the ema . Higher peaks were followed by longer corrections. We could see a brief few months below the 8 ema . Maybe even see sideways action at or above the 8 ema by mid year 2022. A monthly close above the 8 ema after hitting target is succeeded by a bullish parabola.
