Bitcoin Futures - New Support

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin futures will become clear very quickly moving forward. There are three possibilities, one more likely than the others. The key spot to look at is where support intersects with the short and long term resistance lines.

1) If the price stays above these intersections, you can expect extremely bullish behavior over the coming months and possibly further.
2) If the price drops below these intersections, you can expect the price to continue down the long term resistance line.
3) If the price falls in between the long term and short term resistance lines, you can expect a decent along the short term resistance line.

To my belief, it is far more likely that BTC will remain above these intersection points providing a promising future. This is due to the recent momentum created by the long run resistance breakthrough. Additionally, the short run moving average appears to be approaching an intersection breaking through the long run moving average.

Finally, this movement will also predict futures for cryptocurrencies across the board.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out