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RE: STEEM UPDATE: New Target For Support?
Why will bit coin stop at 5000.00? It’s going way back in price, I think 1500.00 ish
Why will bit coin stop at 5000.00? It’s going way back in price, I think 1500.00 ish
5000 is marks the end of the descending wedge pattern that Bitcoin has been developing for several months. 5000 is also a major line of support on the chart. But then again, anything can happen it could drop below but there is a high chance that whales will step in to buy at that price.
That was previous resistance so now should act as support ($5k range).
$1500 seems extremely bearish. What indicators are you following that would make you think $1500?