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Bitcoinik
May 3, 2019 6:54 AM

Bitcoin Preparing For $4000 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin is looking bullish, Really! The golden cross has happened the last week and everyone is very bullish on Bitcoin.

0.786 Fib level work as a resistance which is now $5822 and an uptrend pitchfork is found which is more likely to break downwards.

If this level is broken, the bullish momentum will drive the price to 6200.

Wait for a breakout either side before opening a position.

$6000 is heavy selling zone and maybe Bitcoin will fall hard from these zones the main support is now $3800-$4000.

Comment

touched the 0.786 fib level and a quick pullback from there let's see where it stops
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