Simple and to the point. 1.Currently we are sitting within the $8000 range 2. 20 day moving average of $8120 is acting as strong resistance 3. Bearish sentiment has set in on the MACD and RSI 4. As of right now Next level of support is looking to be $7850 5. Failure to hold $7850 could see a further decline to the 50 day moving average of $5700 6. Possibly within the next 3 to 6 weeks another selloff will occur. 7. Based on current trend, I'm looking for a buy in around February or March of 2020
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Currently sitting above the 20 day moving average resistance of $8120 on the weekly line break chart, however my outlook is still bearish. I don't believe $8000 will hold I'm bearish for further decline in the weeks to come.
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Get ready for a test to $7500
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Called that one
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Sitting at $7500 levels
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Get ready for $7000
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Drop to $7000 should occur roughly within the week
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expect sideways trading between 8K and 9.5K until halving 2020