FWIW, my current view is that before BTC can start a rally beyond 6k, it has to go through the very tough resistance zone at 5.4k.
At the moment, it looks like BTC might have been rejected on the 5.3k barrier and is returning to 4.6k.
If 4.6k doesn't hold, it might even drop to 3.8k. These are just my current thoughts. We will see ;-)
Leelink
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I really like Bitcoin as a long term hold. A lot of money is being invested in its infrastructure. I think the question is not so much if its going to go up or down short term, but what do we think this could be long term. We are still in the discovery stage for your average joe, but looking at google trends there has been a increase in queries, The number of daily confirmed Bitcoin transactions has almost doubled since last year. It would appear to gaining in acceptance. I think one of the challenges will be the transaction completion time and keeping fees low as more transactions come onto the network, but the Lightning Network may help with that. This is not investment advice, just my personal opinion.
mbc47
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I like it. Thanks!
MagdyEl-Nidany
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Do tyou believe there maybe an accumulation phase ( 2500$ - 1700$ ) before going higher to 7200-8000 ?
At the moment, it looks like BTC might have been rejected on the 5.3k barrier and is returning to 4.6k.
If 4.6k doesn't hold, it might even drop to 3.8k. These are just my current thoughts. We will see ;-)