The fact that BTC/USD is going up in the long term is pretty much established. So as an investor there is pretty much not anything to worry about, you just buy and hold and sell when you think Bitcoin has reached its matured established price. But we as traders it is a bit more difficult but here are my thoughts on what may happen.. PLEASE let me know what you think in the comments section below
Bitcoin currently bullish but I think we might see some consolidation for sometime if the price does not breakthrough that ascending triangle formation which is a sign of a continuation in trend.
My reasons for thinking this :
1) Bitcoin is in a uptrend
2)We have seen consolidations in the price in regular intervals.
Bitcoin currently bullish but I think we might see some consolidation for sometime if the price does not breakthrough that ascending triangle formation which is a sign of a continuation in trend.
My reasons for thinking this :
1) Bitcoin is in a uptrend
2)We have seen consolidations in the price in regular intervals.
Comment:
Yesterday we saw price closing above the $13000 level. Will Bitcoin rise to the $14000 dollar level ???
HAS THE $13000 LEVEL CHANGED TO SUPPORT ????
Let me know what you think in the comments below