bitcoinexpertindia

3 possible Scenario for Bitcoin - Breakout to 6k or Dump to 3k

BITFINEX:BTCUSD   Bitcoin

If we consider 4 hrs chart since the massive fall, and see the downwards trend then three things can happen,
1 Whales might dump it to $3000 arrow one
2 If downwards trend continues like this for a longer period then might be $2000 or $1500 will be possible but possibilities of this is very very less as $3500 then $3000 is a strong and sociological support .
3 As technically its Double bottom and also some spike above trend line and sustaining here over $4200 to $4400 for some time with good volume then we can also see trend reversal or break out. Lets hope for the Best :)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.