raserrano

BTC will hit 10k by September

Long
BITFINEX:BTCUSD   Bitcoin
This is my prediction based on how the trends are aligned and how recent moves have form the right conditions for an uptrend channel where bitcoin could probably recover to the 10k level as seen in the weekly chart and hitting there slowly if it manage to pass through the 4500 USD level. On the daily it seems that it will falling and eventually hit bottom, both the 4 hours and weekly suggest growth in the coming weeks/hours. This move will constantly test both resistance and support levels while keep moving in the uptrend channel and hopefully slowly grow to new levels, testing old support and resistance levels. The rapid growth that we have seen in some other moves will unlikely happen as those were based purely in speculation but this new move will rather be based on trends and gaining momentum to sustain growth.

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