1YR Forecast of
BTCUSD
. We believe BITCOIN is close to bottoming out and will likely find strong historical support in the 2k range. Based on technicals we believe we could experience a strong relief rally from the 2900 level and trend upwards attempting to retest prior support, which became new resistance @ the 3500 level in the
BTCUSD
daily chart. If rejected @ 3500 look to experience further downside to 2500 level. We currently are in no position and waiting for more information before entering another short position. We don't believe BITCOIN has found a bottom yet, but it is near. Because cryptocurrency is in bear market, we will continue trading the swings on a bearish bias, meaning our positions are only SHORT. This chart shows our first 1 year price prediction of
BTCUSD
. Enjoy the weekend traders! As always, BLOX CALLS TOPS!
BTCUSD
. We believe BITCOIN is close to bottoming out and will likely find strong historical support in the 2k range. Based on technicals we believe we could experience a strong relief rally from the 2900 level and trend upwards attempting to retest prior support, which became new resistance @ the 3500 level in the
BTCUSD
daily chart. If rejected @ 3500 look to experience further downside to 2500 level. We currently are in no position and waiting for more information before entering another short position. We don't believe BITCOIN has found a bottom yet, but it is near. Because cryptocurrency is in bear market, we will continue trading the swings on a bearish bias, meaning our positions are only SHORT. This chart shows our first 1 year price prediction of
BTCUSD
. Enjoy the weekend traders! As always, BLOX CALLS TOPS! 