Where is bitcoin heading now ?

in #mgsc6 years ago

For all the crypto investors this might be a very useful blog .
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Seems so that after a long correction bitcoin might be heading upwards now .
But wait , are the corrections done or is there still time for bitcoin to bounce back to its all time high .
Lets check out some important analysis.
Btc seems to be having a strong support at 6100 $ and it seems likely to be difficult this support as btc is currently forming a rising wedge according to this 30 min chart.
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Bitcoin has also formed tripple bottom formation last week so according to this chart also the btc price looks ready for its next leg up.
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Bitcoin currently looks ready for a bull ride but still cant confirm due to the fuds that the whales come up with .
According to an interesting stat btc miners would stop minning bitcoin if bitcoin reaches 5000 $ as it would be impossible for them to gain any profit , so this is the main reason that bitcoin wont come under 5000$ .
So it is impossible for bitcoin to go under 5000$ .
So according to me bitcoin is now ready for its next bull run . What do you think ?

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