Bitcoin On A Downtrend ?

in #steemit6 years ago

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Welcome to BitCast! Is #bitcoin on a downtrend ? Let’s look at the 5 year chart and see where #btc is going price wise but , first and foremost RESTEEM THIS POST TO EARN rRs POINTS AND 0.01 STEEM! Now that I took care of business, let’s get to the chart !
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From the look of this chart bitcoin is on a downtrend, the big questions are how long and how far will it continue. That’s definitely a question everyone wishes they have the answer for including me. I think it’s going to continue to dip in August, probably to around $6,500 to $6,900 then rebound to around $7,900 by mid September. Idk why mid September looks so appealing to me, if you read my last post on #steem I had the it surging at the same time. The cryptoworld is a crazy place. What are your thoughts on this chart? Please leave a comment below ! I hope you enjoyed this post IF YOU WANT ME TO CHART A COIN PLEASE REQUEST BELOW ⤵️ For more of my thoughts on cryptocurrency please listen to my podcast below ⤵️ have a great day !

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Its more like a rubberband if you pull more it will go up more energitically

I honestly think we’re going to see another pump , just wish I knew when lol

Upvoted and resteem
Love your resteem system

It looks like downside... there is no clear reversal pattern yet (upvoted and resteemed)

I've read other TA's suggest that if it breaks below $6,800....all bets are off to downside...

Definitely could be the case

$6,800. I will bet 0.001 SBD on it.
It took me 5 minutes with Steemit having a hissy fit, but I upvoted and resteemed

Thank you for the analysis!

Upvoted and resteemed!

Upvoted and resteemed this post

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