Premier_FX

BTC will never reach 100000.

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I can see a push down to my support zone before price bounces and bulls push price back up and through all time highs.

Would i sell down to this level, nope! I would play the waiting game and see if price does push down to this level as once price decides to push up it moves like a bullet train, and i dont want to be caught on the wrong side of that.

Do i think bitcoin is here for the long run? YES. Do i think it will continue to push to 100000? NO! Bitcoin production is capped so there is only so high the price will push before it pushes back down again, rite now i think price is nearing a dangerous bubble that will pop at some point.

Message me if you have any questions or if you would like any help trading.