Bitcoin Continues Aiming At $9999... Can It Go Higher?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Greetings my fellow cryptocurrency owners, lovers, critics, and traders... Please allow me to entertain you for a few minutes... ok?

Yes! Let's get started...

  • Bitcoin continues growing.
  • Bitcoin continues to defy the mind of the masses.
  • Bitcoin continues to become stronger... with much more to come.

Above we are looking at the same chart we shared last week. We can see plenty of lines on the chart marking the strong support and resistance levels.

One of our most important indicators, volume , continues to grow. We are looking to close this week with the highest volume bar since December 2018.

December 2018 is when Bitcoin hit the bottom of the bear market. The trend now changed completely, we are looking at higher highs and higher lows week after week.

And even though we want Bitcoin to go higher, it can also consolidate sideways (blue arrow), as it can retrace (red arrow) before it continues with this feat.

The most likely scenario at the moment? Bullish impulse... Up, up, up, up, or at least that is what we want, what we believe.

But why?

Because market sentiment changed from bearish to bullish , so the bears will be annihilated until they believe that all is lost. Only when there is no way that Bitcoin can correct and go lower, that's exactly when the price will start to fall.

So before we go and retrace, let's see another impulse to the upside, maybe $10,000 or more.

Where do you think Bitcoin is headed?

First, hit like, and then share your thoughts in the comments section below.

Thanks a lot for reading, we appreciate your support.

May 19

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Beath deeply five-times and focus your attention on the previous question.

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Now, you just need to relax and let go…


May 19
Comment: Previous analysis:

Bitcoin Eyes $10,000 or Higher? (Weekly Update)

Bitcoin Ascends: All Bearish Signals Obliterated (Goes Higher)
May 19
Comment: If you would like to see an update on the Altcoins Market feel free to visit the article below and scroll to the last part:
May 19
Comment: Cryptocurrency Market Massive Bullishness (Highest Volume Ever!)

Cryptocurrency Market Now on Bullish Alert! (It Goes Higher)
May 20
Comment: Latest Bitcoin update:
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Related Ideas


MA 100 weekly + 0.768 fibonacci from low 2975$ and high 18892$ is a very strong support
In the previous bull market (2015) when price breakup MA100 Weekly then never back below it.
+2 Reply
@h_btc, Thanks for the charts and info, appreciated.
This resistance is so strong but if we can get a good push up through this, we could see a huge win for longers :) We're long right now prepping for the next trend and staying consistent. Gave you a shoutout in our video this morning and wanted to thank you for all the amazing updates and quality analysis you bring to TV. Appreciate you guys!
+1 Reply
Nice analysis. This is what I'm looking at

+1 Reply
alanmasters Cryptonite_trader
@Cryptonite_trader, Thanks for sharing.
Thanks for your work! I also vote for a long here. The only thing we should do after rejected H&S is filling the bags with BTC! Check this out:
+1 Reply
@agent474, Great chart, thanks for sharing. Looks good to me.
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