Bitcoin bottom?
Retesting the limits
As bitcoin retests $14,200 it appears to me that the bottom has rounded up nicely and is starting another uptrend to retest the $16,300 over the next week or two.
When it retests the $14,200 top on strong volume, I would expect it to head right back up to $17,000 and never look back to these still bargain basement prices! If it fails at $14,200, it could fall very hard unfortunately....
https://www.tradingview.com/x/Bf7VVePh/
https://www.tradingview.com/chart/uCcrVIyJ/
As a quick disclaimer: these are merely musings from an armchair quarterback. All information is speculation on my part and not to be taken as sound financial advice.
Next stop in my opinion would be around $26.000 before we get a new pullback
Definitely the $25000 we've been hearing about.
What I have been thinking is that when you see the lowest point of bitcoin, you do a 135 -150 percent extra and that’s should be the turning point. Normally you should see a pullback around 35%
I'm trying to understand the market sentiment and trendlines and cautiously judge it that way. It's like a whole new ballgame from stocks because it's honest and can't just be manipulated by market makers like stocks are. Just more news of lost bitcoins should drive the price up.
So exciting to watch.
#bitcoin
why people talk about bitcoin
It's going to do to money, what the automobile did to the horse and buggy.