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LuckyTradez
Oct 19, 2020 6:33 PM

Bitcoin (BTC) - Weekly view, where to next? 

Bitcoin / U.S. dollarBitstamp

Description

BTC pushed nicely today and as expected, all Crypto Twitter was talking about it.

Anyway, as we already know the major trend line was broken soon after corona and than retested it after being denied at 12,3k levels.

Now BTC is making another move towards 12k level, if it gets rejected again, we could fall to 8,5k levels and form a new higher low, which can be seen on chart.

As you can see, BTC ist still 66% from ATH, so there is still time to join the ride, we will see ATH soon, especially if we break the 12,5k level resistance zone.

where do you think it will go.
Comments
MartyBoots
Bitcoin About To Go Parabolic **WARNING IMPORTANT VIDEO**
MartyBoots
Nice idea
LuckyTradez
@MartyBoots, ty, hope its not true :P
bloodgood
So you think we will be witnesing 6 months of bear trend in 2021? A bit harsh not?
LuckyTradez
@bloodgood, I am saying its a possibility that if we get rejected at the 12,5k levels we could go towards the key trend line.
bloodgood
@BosLuka, well before that there is 10k support. which is rock solid support. So I would draw that one too
LuckyTradez
@bloodgood, indeed, didnt take that into consideration.
TradesBySheriff
Hope you got the sell your house zone right cause my wife gonna kill me if not..
LuckyTradez
@TradesBySheriff, if we dip further, simply sell your wife and catch that 6,5 k dips.
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