BITCOIN every resistance touch causes major drop, and every break of resistance trendlines brings massive gains.
Apperately we will need to trade between these lines, and observe the future movement.
The yellow support trendline still holds. From 2017, so I'm thinking we are not going to fall under that. No way.
Next resistance trendline will occur in Aprils first two weeks, and I think we won't break it in first attempt. So significat drop is expected after a touch.
Second attempt could happen in few months after the first one, and that sure could break it and swing a price up.
The catch is afterwords same event will repeat shortly, and just around halving event. And that could shake things up.
MIners with old equiptemnt would be working with loss with this price projection. And there is many asic miners with outdated rigs, who just needs price to stay above 11k to stay in the game (after halving).
If price would go sideways after that, all those miners could go out of business, and bitcoin regular supply would decrease even more. And that my friends could put Bitcoin in Beast mode what we are missing badly.
Apperately we will need to trade between these lines, and observe the future movement.
The yellow support trendline still holds. From 2017, so I'm thinking we are not going to fall under that. No way.
Next resistance trendline will occur in Aprils first two weeks, and I think we won't break it in first attempt. So significat drop is expected after a touch.
Second attempt could happen in few months after the first one, and that sure could break it and swing a price up.
The catch is afterwords same event will repeat shortly, and just around halving event. And that could shake things up.
MIners with old equiptemnt would be working with loss with this price projection. And there is many asic miners with outdated rigs, who just needs price to stay above 11k to stay in the game (after halving).
If price would go sideways after that, all those miners could go out of business, and bitcoin regular supply would decrease even more. And that my friends could put Bitcoin in Beast mode what we are missing badly.