How LOW is Bitcoin going?
Uncertain times are here, but we are still with the bulls, we will probably be testing the 2207 with numerous lower lows formed.
Until the channel and 2050 is broken we will still be remaining long on BTC.
2050 region is also the daily higher low, breaking though it will mean a short term bear might be hear.
That could be a good time to be dollar averaging in for BTC(If this was currency, I would be shorting it instead, but since this is BTC something that is polar opposite of a dollar, I will prefer to dollar average it)
The preferrable scenario for this chart is BTC reaches 2200 region and continues with the 1234 formation(trendline breakout strategy)
News update
China's CB vows to push for blockchain in 5 year-planSource: Coindesk
Possible problems under US contract lawSource: Coindesk
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