alanmasters

Will Bitcoin Conquered $9,000 Or Move To $3,000 (MA200 In-Play)?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I just wrote about Ethereum ( ETHUSD ) and wondered if Bitcoin will follow the same path...
Right now it doesn't look like it...

We can clearly appreciate that Bitcoin ( BTCUSD ) is moving higher but we can also see a rising wedge , curving indicators and volume is low, ETHUSD is showing good volume .

EMA300 has been conquered recently on low volume , so if the bulls don't push prices up fast, BTCUSD is likely to move lower to test this level of support.

Our target when looking at the chart below was MA200, which is being hit...

Do you think that Bitcoin will go higher or will it retrace before the halving while the altcoins continue to increase?

My view is that Bitcoin will release some of the attention while the rest of the market also grows.

Namaste.
Comment: Looks like a peak has been hit. Bitcoin going lower.
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I cant imagen the whales letting use skip the last 20-25% of the crash. The saying goes that the whales wont give the market what it wants. Everyone wants 6000-7000 to be the bottom...I dont believe the whales will be that nice. That is just too good to be true/too easy. I could see bitcoin at 3k or even 2k. But also 5k bottom. The top 2019 was a lower high, so logically we will also set a lower low as bottom.
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insightful
important support was not passed. The rise will continue
Your thoughts?
Reply
alanmasters David_Smith
@David_Smith, Thanks for the chart.
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nice idea) it's my btc work
+2 Reply
alanmasters Alex_Clay
@Alex_Clay, Thanks for sharing.
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i would say, we see 10,2k, than a drop to 8,3k. than next up to 14k. lets see.
+3 Reply
uygunshop btcinvests
@btcinvests, 8.3k does not
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btcinvests uygunshop
@uygunshop, yes could be. lets see.
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