Nov 20 - Bitcoin resistance/support levels & buy/sell zones
So, we're definitely NOT going sideways anymore :')
The whole Bitcoin Cash fiasco and the overly hyped Bakkt postponing their Bitcoin-backed Futures release date to January 24th, which reeks of massive market manipulation! To me it seems that big money is pushing the prices lower as to buy in cheap. Bakkt as well can stockpile their Bitcoin reserves to back future orders. Too much coincidences here, for my taste.
Hard to say anything at this point. We can expect a further drop towards 3k/2k8 levels or bounced back to previous support levels. The drop down might have elongated the duration of the bear market period significantly. Some people are still bullish on end-of-year highs, but we should maybe prepared for a bearish 2019. However, things can move fast in the crypto scene, so maybe we do see bullish signs in the first months of 2019.
The whole Bitcoin Cash fiasco and the overly hyped Bakkt postponing their Bitcoin-backed Futures release date to January 24th, which reeks of massive market manipulation! To me it seems that big money is pushing the prices lower as to buy in cheap. Bakkt as well can stockpile their Bitcoin reserves to back future orders. Too much coincidences here, for my taste.
Hard to say anything at this point. We can expect a further drop towards 3k/2k8 levels or bounced back to previous support levels. The drop down might have elongated the duration of the bear market period significantly. Some people are still bullish on end-of-year highs, but we should maybe prepared for a bearish 2019. However, things can move fast in the crypto scene, so maybe we do see bullish signs in the first months of 2019.
Comment:
Wrong date in title: should have been "Nov 22" of course ...
