KeithNQW

What will Bitcoin do next?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin had rallied from $4,000 to $10,000 since Jan 2019.

Currently, it's price is hovering $9000 and looks like we are having a descending channel .

The question is this...

Will the price breakout beyond $10,000 or below $9,000.

Honestly, nobody knows. Chances are IMHO is to the downside considering we never had a single price pullback since the rally.

In this scenario, current price is a great place to enter market if you could stomach the losses. Which by the way, could potentially net a good profit all the way to $17,000

But, if bitcoin price ever reaches and closes below the 'blue support line'. DO NOT BUY! Expect price to hit $6,000 to $7,000 range before we could see any real buyers coming in.

The choice is yours. Remember to manage your risk well; Always and only invest money you could afford losing.

Cheers! Have a nice day :)
Sep 28
Comment: Price went down as I had speculated.

Expecting price to drop further to at least $6,000 to $7,000 before seeing any relief or buyers coming in.

Till then... we shall see :)
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