TheTradingDog

Bitcoin - Why 6K Will Not Be Reached ! 100 MA Weekly Resitance!

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Is the bear market over ? And what has to happen for BITCOIN to step into the bull market ?
Why is the 100 MA Weekly line the most important historical line for BITCOIN?
Because once bitcoin broke above it in 2015 it acted as support through out the whole bull market.
Once the big dip happened and it broke below you can see it acted as resitance multiple times and at that moment the so called 'Bear Market' started.
Right the line is very close and i don't think BITCOIN has the momentum and volume to break above it as it shows great signs of topping out.
Stop believing all the sheep traders saying it will crush 6K - 6.2K and maybe moon after because thats just to easy and bullshit.
Remember always if something in live seems to simple and easy it is most likely not going to happen.

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