biffbifford

BTC - Daily Analysis

BITFINEX:BTCUSD   Bitcoin
$4100.00 has been a Hard Resistance point as seen in the chart. $3830 or so is Pont of Control (POC) and the price will attempt to gravitate there on low volume. This looks eerily like a Bear Trap with the High Probability we hit resistance and drop well below the Primary dotted Trendline to the POC. I am not comfortable buying here because there is no catalyst for going higher, other than, "It's worth untold riches!" That is not good enough for me. I need hear how BTC is expanding their user base and committing towards expanding commercial acceptance of the token. So, I am a humble bystander with a 3k price prediction by February I made in November.

I really do not think the manipulation of this token is anywhere near over. They will take it for another ride when "they" feel it's time!
I wish I had a price target, but skepticism is all I can offer!

Best,
Biff

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