Once again there are people saying that $BTC is going down, and fast. Then they post wedges with a downward spiral…..using the 5 minute timeline. Ugh!

If you know anything about Bitcoin, you know that scalping is not worth it on $BTC. The least you should use if you are investing your money there, is the 1 hour timeframe. Daily, or weekly graphs will give you the correct prognosis for Bitcoin’s trajectory.

Here is a prediction I made over a month ago. The parameters for my personal profit (+6-10%) range is between the light-blue lines, the yellow line is the old trajectory Bitcoin had in mid-May, and the steep orange line is my prediction with a .25% increase throughout summer.

So by this graph you can see that $BTC is not crashing and burning like some people wants you to believe (unless you bought $50 more at $108k like me) but instead making the usual gains, and even during mid-summer increased the gains and forming a new path for a slightly shallower wedge. By the size of $BTC user-base it is unlikely that the top is $111k, but give it about 2 weeks and $BTC will let you know where it wants to go, so my advice is:

Even if it looks dark outside, wait for the sun to come out, but don’t throw away your umbrella quite yet.

Have fun and enjoy the summer my friends,