@bitcoin is going sideways for some time.
This prediction shows crucial support lines, and the trend bitcoin could follow.
Scenario 1 (green) - I think more likely, because Bitcoin mostly does what noone expects. So, in the era of doomsday predictions, bitcoin could say FU and go straight to the next resistance, which will become support again.
Scneario 2 (red) - Bitcoin could retest the 6000 area before new cylcle.
News are mostly FUD'y, so Bitcoin is holding out pretty strong regarding all that happens. My opinion is that bitcoin will once again surprise us all and easely comfirm the resistance line.
But it the case that won't happen, then I'm pretty sure it will go even stronger up from 6k level.
In none of the scnearios we would see 3k area, as many traders loves to see. The buying power near 6k is strong as hell. And the miners have a lot of saying in the price actions. This is the ultimative dump before new cycle. Everyone thought it will come faster, because the halving happening "soon", but we need to be patient and set targets as buy areas. I'm personally buying everything below current level.
Good luck crypto traders.
OH; PS:
Just saw a nice crypto project on KuCoin, named NWC. Cought my attention when I was looking in which alts I could transfer my bitcoins, and correlation between NWC and BTC was perfect, so I bought few :-)
Have a nice time before holidays.
Oh PS2: Asians doesn't have X-mass . So if you think the market will wait you during the holidays, you are mistaking. The market will be more active duirng the holidays, as it is now. Why? China know, how to mess with Americans. This is one of the was.
This prediction shows crucial support lines, and the trend bitcoin could follow.
Scenario 1 (green) - I think more likely, because Bitcoin mostly does what noone expects. So, in the era of doomsday predictions, bitcoin could say FU and go straight to the next resistance, which will become support again.
Scneario 2 (red) - Bitcoin could retest the 6000 area before new cylcle.
News are mostly FUD'y, so Bitcoin is holding out pretty strong regarding all that happens. My opinion is that bitcoin will once again surprise us all and easely comfirm the resistance line.
But it the case that won't happen, then I'm pretty sure it will go even stronger up from 6k level.
In none of the scnearios we would see 3k area, as many traders loves to see. The buying power near 6k is strong as hell. And the miners have a lot of saying in the price actions. This is the ultimative dump before new cycle. Everyone thought it will come faster, because the halving happening "soon", but we need to be patient and set targets as buy areas. I'm personally buying everything below current level.
Good luck crypto traders.
OH; PS:
Just saw a nice crypto project on KuCoin, named NWC. Cought my attention when I was looking in which alts I could transfer my bitcoins, and correlation between NWC and BTC was perfect, so I bought few :-)
Have a nice time before holidays.
Oh PS2: Asians doesn't have X-mass . So if you think the market will wait you during the holidays, you are mistaking. The market will be more active duirng the holidays, as it is now. Why? China know, how to mess with Americans. This is one of the was.