BillCharison

#BITCOIN - Prediction for the Future is FLAT

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We expect to see flat movements on Bitcoin in the near future. Why? $12000 turned out to be a too strong level for bulls to break out, from this point we got a massive dump to the $10500 support.

What do we have now? Bulls are protecting the mentioned support level but don't have enough powers to go upwards and break through the $12k point. So, more likely we will see a consolidation between the support and resistance .

Altcoins are doing better now, it already feels. Many bullish patterns over there.
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Comments

But we broke 12k. I believe we dropped due to the billion dollars worth of options contracts that expired.
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DXY to explode!! BTC is in danger. God help us.
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nice overview, thank you for sharing.
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just another step in the staircase. this is good for alts. slow and steady
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and now everyone is the crypto space better hope to whoever that DXY stays down. The last time there was a tiny blip in DXY, BTC lost over 50%.
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