Bitcoin Technical Analysis: BTC May Have An April Fool’s Surprise (April 2020)

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Bitcoin Technical Analysis: BTC May Have An April Fool’s Surprise (April 2020)

Bitcoin seems to be doing everything we talked about last month. So, it would appear that BTC/USD indeed has an April Fool’s surprise for us. The 4H chart shows that we are very close to seeing a major move in the near future. Make no mistake, this move may be to the upside before the market declines again. However, the probability of a decline is much higher and if this bear flag leads to a similar decline as before, we could see a devastating move to the downside here. Please note that this decline is going to make the last one look like a picnic. It is much bigger and will thus be much more aggressive compared to the last one.

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