Mid-term rally
Since we had the last big dump to 65's or so, we can find a little double-bottom that I hadn't took into account in my previous technical analysis (Sorry for that) and as we can observe, theres is a increasing minimun trend that could drive us to another 140$ prices.
The thing is that Bitcoin market sometimes can have some anomalies (green and red arrows), as we can see in mid july with an excess of buying orders, going up high 100$ and then, as always happen with any kind of market, the market regulate itself and returning it to their correct range of prices (blue/purple band)
So, at this point we can say that the minimum price of a Btc is higher than 65$, and we can puti that line as a the point of "real value"
I put the maximuns blue line at 140 because following the current trend we can find that point, at the beginning of september o mid september, the point when traders return to work again from their vacations, and at this point we need to re-analyse again becaus probably at this date the volume will be exponentially more than nowadays.
So, summerizing- > Bullish trend until beginning of september/mid september
The thing is that Bitcoin market sometimes can have some anomalies (green and red arrows), as we can see in mid july with an excess of buying orders, going up high 100$ and then, as always happen with any kind of market, the market regulate itself and returning it to their correct range of prices (blue/purple band)
So, at this point we can say that the minimum price of a Btc is higher than 65$, and we can puti that line as a the point of "real value"
I put the maximuns blue line at 140 because following the current trend we can find that point, at the beginning of september o mid september, the point when traders return to work again from their vacations, and at this point we need to re-analyse again becaus probably at this date the volume will be exponentially more than nowadays.
So, summerizing- > Bullish trend until beginning of september/mid september
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