Yellow Resistance trendline is
20000 - 2017
14000 - 2019
Red Resistance trendline is
14000 - 2019
10500 - 2020
Blue Support trendline is
from Plus token dump
3500 - March 2020
5900 - April 2020
8800 - May 2020
Black Multi Neckline is
Break Above is bullish momentum
Breal Below is bearish momentum
Fibo Swing low to swing high means bullish trend and as we maintain 0.236 - 0.382 indicates violent move to the upside
fundementals:
bitcoin can be slow to confirm transactions but in reality BTC is drying up from exchanges
Social unrest in America / creates uncertainty for international investors = dump the dollar $
Covid-19 uncertainty / Hoax or not it lingers fear for international investments
USA does not have sovereign policy to stop printing / 2.8 T was printed in May alone
Global slowdown / causes traditional currency to devalue
Bitcoin is the only way to peacefully protest - in order to stop corrupt government(s) is only by Defunding it.
20000 - 2017
14000 - 2019
Red Resistance trendline is
14000 - 2019
10500 - 2020
Blue Support trendline is
from Plus token dump
3500 - March 2020
5900 - April 2020
8800 - May 2020
Black Multi Neckline is
Break Above is bullish momentum
Breal Below is bearish momentum
Fibo Swing low to swing high means bullish trend and as we maintain 0.236 - 0.382 indicates violent move to the upside
fundementals:
bitcoin can be slow to confirm transactions but in reality BTC is drying up from exchanges
Social unrest in America / creates uncertainty for international investors = dump the dollar $
Covid-19 uncertainty / Hoax or not it lingers fear for international investments
USA does not have sovereign policy to stop printing / 2.8 T was printed in May alone
Global slowdown / causes traditional currency to devalue
Bitcoin is the only way to peacefully protest - in order to stop corrupt government(s) is only by Defunding it.