Bitcoin is re-testing the 600 level

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
365 3
There are lots of speculations about the potential price of BTC after the decrease in the last few days.
In my opinion Bitcoin is still bullish and it's waiting for a big rally to come. I think for now Bitcoin is still testing the 600/590 level.
(If it breaks we will go down to around 560 USD.)

My opinion is that the reactance is to strong to go down any lower for a week or more. After a few weeks we will be back around 600. Than the price wil go slowly upwards and if the price reaches 680 USD, Bitcoin it will go up to start a new big rally.

Have a nice day!

Promising bottom looks different imho; furthermore we have failed to reach pretty much all predictions and expectations of a fourth rally by now, all we got is a somewhat double top where the second took loads of great news to even get there. Though as long as 580 holds, it's all good.
Asterix HerSerenity
Maddie HerSerenity
I can only agree with you on this.
Hope 580 hold's otherwise we wil go down to 560/550
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out