All The Strong Resistances BTC Will Have To Face To Break 20k

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi folks ! So this is a just for fun... Just to see where and what are the big resistances Bitcoin will have to go thru to break 20 000$. I Don't think a breakout of 20k will happen in 2018 since we are in a really bad bear market since almost 7 months now... It looks like the bear will continue for the rest of the year. I think the lowest price Bitcoin can go is around 3k. I have no idea if we will go there but at the moment it very look like BTC will break 6k to go visit 5k and maybe a bit lower. However guys, one day the last seller will sell and Bitcoin will fly again and break 20k ! No doubt on that... You can be sure of this. But this could take time, this could take months, even years. So we must be patient, do profitable trades, keep profits in Bitcoin and wait for the next bull run. My guess is it will happen mid 2019, but this is really just a guess...

Stay tuned for more updates and do not lose faith !


Comment: bitcoin broke thru a lot of resistances lately : The two first turquoise lines, the green triangle, the 50 and 100 moving averages and couple fib lines.

The 200 sma will be a big test for bitcoin and 10k level too. There is a lot of strong resistances a bit under 9k now so it's definitely not the time to buy... I'm selling right now and taking some profit. If I had no bitcoin, I would at least wait for a pull back to buy some.

However, There is a lot of good news currently in the market and I think a lot of people speculate on the CBOE ETF, so this bullish movement could last for couple weeks. Also, the fact that BTC broke the top of the triangle is bullish. We need to stay over it.


Jan 2019 30K - 50K
+1 Reply
@Eberzahn, Possible !
cryptosaad Eberzahn
@Eberzahn, nope!
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