GenCrypto

Most likely the only two possibilities for Bitcoin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
288 3 1
We have witnessed a crazy downtrend in the past days for Bitcoin             . In my opinion these are only two possibilities for BTC             .

1. It will breakout of the downtrend resistance, this would lead to a new bullish trend . I see this happening, looking at the developments today regarding acceptance and investigation of the possibilities of blockchain technology.
2. Too much resistance, continuation of a bearish market towards $5000-$6000?

What do you guys think?

Comment: Looks like we are close to a breakout.
i think if it was going to breakout today why wouldn't it have done it earlier when it had more positive momentum? The odds are against it at the moment imo
+1 Reply
GenCrypto JCmanner
@JCmanner, I don't think it would happen so soon.
Reply
GenCrypto GenCrypto
@GenCrypto, there needs to be some kind of small wave. Today is possible looking at the chart.
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