19-12-2019 14:50 via newsbtc.com

Bitcoin Eyeing Strong Bearish Reversal, Predicts Top Analyst

Bitcoin is looking to undergo a strong price reversal to the upside, according to technical analyst Crypto Cred.
The prominent crypto trader theorized his bullish sentiment based on a so-called “BTC Reversal Pattern Structure.” In a tweet published on Thursday, Cred showed bitcoin in three widely distanced yet identical price behaviors.
Bitcoin S/R level formations as noted during Q1/2018 | Source: Crypto Cred
In each setup, bitcoin formed a definite support/resistance range as shown
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