Bitcoin Technical Analysis: Is BTC Going To Be The Global Reserve Currency? (June 2020)

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Bitcoin Technical Analysis: Is BTC Going To Be The Global Reserve Currency? (June 2020)

Bitcoin is getting ready to finally make a move. The price action for the past several days has been pretty tedious and investors are now wondering where the market might be headed next. My long term view remains unchanged and I still see BTC/USD declining down to $3k or lower before the end of the year. For now, the most probable scenario is that we would see a sharp decline that would catch a lot of retail bulls off guard. Now, whether or not that decline happens with or without a fakeout remains to be seen. It is quite clear though that we remain in distribution and the market is primed for a decline.


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