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BTC Consolidates on the Way to 5000 Below Zero

Originally posted at Capitalstool.

In other meanwhiles, BTC continues to consolidate around 20k, on its way to its long term measured move target of 5000 below zero. Here’s an arithmetic scale chart.

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On the daily chart, it’s not so bad. The one year cycle projection is now 13k. It’s trying to mount another rally. It needs to clear 21k. If it does, it should run to 23k. If it doesn’t, breakdown dead ahead.

tvc_c998a0542dae362f8aa3679b6c7b0551.png

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