Bitcoin (BTC): An Interest Rate Hike In September Might Delay A Trend Reversal

2018-8-26 18:30

Bitcoin (BTC) is about to complete a 69. 81% correction just as it did back in October 2014. What remains to be seen now is whether Bitcoin (BTC) will follow the exact same pattern as in 2014 or trade differently.

The above monthly chart for BTC/USD shows that even the EMA alignment in both cases is the same. The lower half of the above chart shows a chart for EUR/USD which demonstrates the striking similarities between strength of the EUR/USD pair and Bitcoin (BTC).

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btc bitcoin chart usd 2014 september same

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