mitkoenchev

BTC short term update

BITFINEX:BTCUSD   Bitcoin
As volume has been getting even lower, it looks logical for Bitcoin to move further down to the next point of control, the first being $5700 and ultimately $4500. Whales will buy a lot at these price levels and trigger a chain reaction with almost no sellers left, resulting in substantial price and volume boosts. I believe BTC's price will then return around the $8000 price range.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.