SigmaByHydraX

BTCUSD's Incredible Ascent - Analysis

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Patient longs have been rewarded as Bitcoin has gone parabolic, in a rally of remarkable proportions, even for Bitcoin . BTCUSD has surged beyond resistance at ~$7,250, and gone on to break $8,000, touching a new yearly high of $8,169.
Its surge has also boosted most of the major cryptocurrencies and added ~$30b to the overall cryptocurrency market capitalisation. This has been a move supported by volume and the ‘whales’ of the industry; tracking data showed the rally supported by trading from large bitcoin holders, with the single biggest whale moving some 47,000 bitcoin into the markets. Next meaningful resistance is in the $8,250 region.
I strongly believe that We will get at least one more time to buy bitcoin below $5000 before the next bull season! Let's see how it goes!


Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out