BTCUSD prices have been following a downward trend on a log scale since December. During this time, price has followed a mid-term cyclic trend. The time between these cycles have been increasing, although I would be surprised if the cyclic trend closely followed what I've written.
I expect BTCUSD prices to follow this trend until it can remain well above the...
The upward trend from the past few weeks has broken, and two trends have appeared. I don't expect the shorter-term trend to last much longer, but I do think the price will remain between the two trends for the next 1-3 weeks.
Previous:
Bitcoin price has had an upward trend for the past two weeks, but I expect to test the trend fairly soon. If it breaks this trend, I guess prices will drop $100 and a new downward trend may appear.
This shows that BTC has been bounded since it's peak on the 5th. Since then, the price has bounced off the line three times. With the current upswing, it could bounce again or break through.
