Watching all the BTC ideas on tradingview I didn't know whether I wanted to cry or laugh. Bitcoin and cryptocurrencies in general are relatively new to the trading world compared to other instruments and there's very little fundamentals on them, so, technically speaking Bitcoin is in an UPTREND! Simple as that! It's not going to 0 neither to a million in a months time!
The fundamental analysis we can make on Bitcoin is the Hype behind it and the Darkweb, there's millions of bitcoin transactions taking place on a daily basis whether it's for legal or illegal purposes, it's there, and there's more and more people coming in the market everyday, that shows high demand and why Bitcoin will only retrace as musch as the technical guys want.
Technically speaking Bitcoin will most likely form another triangle or a different pattern testing the 42000 level one or a couple more times before it will reach new hights, and in my opinion I see buying bitcoin at around 43000 as the best option and that it will never go lower than that.
Stay tuned for more Ideas on Forex and Crypto's from an Insider.
The fundamental analysis we can make on Bitcoin is the Hype behind it and the Darkweb, there's millions of bitcoin transactions taking place on a daily basis whether it's for legal or illegal purposes, it's there, and there's more and more people coming in the market everyday, that shows high demand and why Bitcoin will only retrace as musch as the technical guys want.
Technically speaking Bitcoin will most likely form another triangle or a different pattern testing the 42000 level one or a couple more times before it will reach new hights, and in my opinion I see buying bitcoin at around 43000 as the best option and that it will never go lower than that.
Stay tuned for more Ideas on Forex and Crypto's from an Insider.