Where is Bitcoin going from here?
Bitcoin above $ 11,000
The price of Bitcoin exceeded the limit of $ 10,000 last weekend and today the price is once again above $ 11,000. Bitcoin has almost doubled since the low of $ 6,000!
To set a higher top and thus draw a bottom pattern, Bitcoin must rise above $ 11.850. So there is still some work to be done...
On the graph above you can clearly see there is a resistance to be broken before we can really say that we have seen the bottom. I expect this resistance to break within a few days so we can set new, higher targets for our beloved cryptocurrencies.
In the meantime, Bitcoin is taking all other cryptocurrencies along in tow. The full market capitalization of the cryptocurrency market is again above $ 500 billion. Compared to the low point, market cap has already doubled.
Disclaimer: I am not a financial adviser nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
Let's go to the moon!
Thank you for reading.
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Cheers,
MAXIDIGI
This year Bitcoin could amaze people. As Bitcoin rise in price it could also start becoming less volatile once it reach a certain benchmark. May be this could be possible in this or the next year at the most.
Cliff High who is a renowned fellow in this space has his prediction as 64K by end of March which seems pretty high but who knows anything can happen in this space as that's what it's all about.
Currently it is holding well at $11500+; that's a positive sign. I think may be 21K is coming soon which was the last highest recorded in Korean exchange. Though HODLing is everything.
Keep sharing you analysis. Cheers!
With testing of the Lightning Network now available my guess is that big money will push aside any resistance when Lightning goes live.
Records are going to be broken again this year :) fasten your seatbelts!
bitcoin on d rise again...
Yessss double top is forming though; we need more bulls to break that resistance, I stick to my opinion though, this resistance will not hold, we are going higher and higher!
Thanks for the update Max! I took your advice and planed a quick trade. Emphasis on plan. Buy at 10,000 sell at 10,800 stop loss at 9000. I stuck to plan. Not mad with 8%. You wont go broke making profits.
Nice Gabby! Awesome profit, 8% is definitely not bad. Always try to ride the waves; if the current resistance of $ 11300 breaks we will go up fairly easy to next resistance which is $ 11.850. Personally I'm not really trading since I hodl most of my portfolio planning to start selling when we reach ATH.
But me and some friends love to analyze TA as these analysis definitely make the market predictable in some ways.
I wonder why i don't have any bitcoin.. 😁
As long as you have other cryptocurrencies in your portfolio, it's okay!
If you don't hold any cryptocurrencies you should buy some a.s.a.p. my friend :)
Finally good news. The bad one is I don't have any hahahaha