Maddie
Long

Bitcoin is re-testing the 600 level

BITSTAMP:BTCUSD   Bitcoin / Dollar
354 3 7
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!
HerSerenity
2 years ago
Bottom?

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.
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Asterix HerSerenity
2 years ago
+1
Reply
Maddie HerSerenity
2 years ago
I can only agree with you on this.
Hope 580 hold's otherwise we wil go down to 560/550
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