Throwback Monthly Price - BTC/USDT - Binance
Throwback after Chinese Xi Jin Ping announcement about using the blockchain technology and some of the countries.The bitcoin starts to pump at 0ct. 25 with the price of 7.5k to the peak of $10,300 or $10,400k. After the short amount of time. There's no good news and big momentum about Bitcoin.
Bitcoin price continuing to fall and reach the lowest price of $6.4k on Nov. 25, 2019 and that's total of 1 month and 19hrs. If you check the graph we encounter double head and shoulders reversal pattern with ranging 4 days from Nov. 22 to 27 and from Nov. 6 to 9 (I use Ellipse tools). If there's no momentum and theres no whales coming it will continue to fall with the resistance of $7k. ( I use rectangle and ellipse tools).
Bitcoin price failed to break the target of $7.8k to $8k, On the chart he tried 3 times but still neglected.
That red finger crossed will be the first support, the $7k the 2nd support is $6.8k and the Bottom would be the $6.5k from the previous price as of November.
Question? Do you think BTC will reach the support no. 3? or BTC will reach the 7.5k again? Please let me know your thoughts or comments on this.
Bitcoin price continuing to fall and reach the lowest price of $6.4k on Nov. 25, 2019 and that's total of 1 month and 19hrs. If you check the graph we encounter double head and shoulders reversal pattern with ranging 4 days from Nov. 22 to 27 and from Nov. 6 to 9 (I use Ellipse tools). If there's no momentum and theres no whales coming it will continue to fall with the resistance of $7k. ( I use rectangle and ellipse tools).
Bitcoin price failed to break the target of $7.8k to $8k, On the chart he tried 3 times but still neglected.
That red finger crossed will be the first support, the $7k the 2nd support is $6.8k and the Bottom would be the $6.5k from the previous price as of November.
Question? Do you think BTC will reach the support no. 3? or BTC will reach the 7.5k again? Please let me know your thoughts or comments on this.
Comment:
First support reach!