Bitcoin has started the bullrun to 6500 after a couple of days consolidating and holding the 4300 area
Once the magic 5K has been broken theres gunna be no stopping the BEAST until we reach 6200
once here we will start to see some resistance as this a fibo extension point from its break out at the beginning of the year
but i see it at 6500 it is SUPER BULLISH at present heres why !!!
As you can see from the chart we have been following 2 trends at present and on both occasions the trend has broke and the price action has dropped to the lower of the 2 we have seen an immediate DENIAL and bounce back to the higher trend this happened first at 3610 and then again 4172
So keeping this in mind and place any buys on the lower trend line from where the price action is
3610 4171
Once the magic 5K has been broken theres gunna be no stopping the BEAST until we reach 6200
once here we will start to see some resistance as this a fibo extension point from its break out at the beginning of the year
but i see it at 6500 it is SUPER BULLISH at present heres why !!!
As you can see from the chart we have been following 2 trends at present and on both occasions the trend has broke and the price action has dropped to the lower of the 2 we have seen an immediate DENIAL and bounce back to the higher trend this happened first at 3610 and then again 4172
So keeping this in mind and place any buys on the lower trend line from where the price action is
3610 4171