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BITCOIN's Final Barrier: MA100. Are we going to 4500 or 10000?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Well the title says everything so I might as well make this analysis a short one.

BTCUSD is rising aggressively having almost filled the Gap from November 2018, when the final big drop took place. It is now about to test the MA100 (black) on the weekly chart, which is essentially the final bearish barrier before it starts rising and never look back.

If the MA100 breaks, BTC will most likely wave the 3000 - 4000 level and MA200 good bye for good and eye $10000 by the end of the year. If rejected on the other hand it will most likely seek support on the 1W MA20 (orange). This pull back is projected within 4200 - 4500, giving one last good buy entry before the 10000 mark.

I need to make very clear that in all of Bitcoin's recovery phases, the MA20 on weekly has been revisited at least once before the new bull market officially began (as seen below):



So what do you think? Do you expect the MA100 to reject the price and give those late to the party a final chance to buy? Or we are on a journey straight to 10000? Let me know in the comments section!


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After hitting targets from my last video here is Video Update on my current market view, time to switch to Short

+1 Reply
TradingShot ParagonVenture
@ParagonVenture, And this is a constructive argument to my analysis, how?
Reply
The first news for the bear market
And hack one after the other different exchanges:
binance hacked (40M $)
According to the statement of Binance, attackers were able to obtain a large number of API keys, 2FA codes and other types of info through phishing, viruses and other attacks. This led to 7074BTC being moved out of the Binance hot wallet in this transaction.
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Mining big Companies For sale their new devices, were behind the recent pumping
A very large team of hackers is attacking the infrastructure of the mining companies and exchanges so that the bear market can beat everything down!
The game is over
+1 Reply
@IRCSAS, Does this mean you even believe that the bottom is not in??
Reply
IRCSAS TradingShot
@TradingShot, Some hackers who serve whales are doing sabotage on the market
Crypto and the attack on infrastructure and the creation of a negative atmosphere will thrive
The Crypto market is a volatile market that falls to the bottom of the valley with the smallest slip
For me, 90% of the market power is in the hands of the company's mining
They do anything with the market
Your comment is very much my favorite
They first create a pump to sell their outdated and outdated devices and then create a dump so that those seeking profit will be forced to buy new devices and get older devices out of stock.
This is a process that is performed annually in the market
It does not matter where it rises. It's important that everything in a matter of days may be worth half its value
There are no fluctuations in any market
The story of the production companies like those who sold the shovel and they were rich, but nobody found gold.
Reply
TradingShot MateKristof
@MateKristof, Very nice!
Reply
Did it not already broke MA 100 on weekly?
+1 Reply
TradingShot welcome_universe
@welcome_universe, Well it has now!
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I feel like we MUST have a correction soon, but I'm still not taking my BTC profits, because of course the best trades of all are the ones that defy all expectations by rising and rising and rising.....that's a chance I'm willing to take in this scenario.

+3 Reply
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