Bitcoin Price Due For a Bounce According to ‘Nokia Curse’

News BTC | Nov 22, 2019 at 7:00 PM
  • It’s not uncommon for technical crypto analysts to compare Bitcoin price charts with that of other assets hoping to draw some comparisons that an actionable strategy can be derived from.
  • The leading crypto asset by market cap has been closely following the price action of early Nokia stocks, and if Bitcoin continues to follow the pattern closely, a bounce is due in the near term.
  • Should the same price action play out in Bitcoin price charts, the crypto asset should bounce here and make a run once again for above $8,000, before failing to break back above into bullish territory and suffers a deep collapse soon after.