Hey Bitcoin, are you going to give us some more?
Hi guys.
It's going to be a short description what are facing right now.
Lots of you ask me where are we going? Are we falling down, or climbing up? Is this year's bullrun over?
So in my opinion we're going up in a matter of weeks/months. But meanwhile we're facing sideways trend that is caused by many factors. I will post more macro view on this situation later, but let's focus on today's, local Bitcoin price.
We have strong support - demand zone at $54500-55000 and supply at $58500-59000 and i think these are our price levels for the next few days.
But please bear in mind that if our support fail we can expect a bigger drop, even up to ~$49-51k
It's going to be a short description what are facing right now.
Lots of you ask me where are we going? Are we falling down, or climbing up? Is this year's bullrun over?
So in my opinion we're going up in a matter of weeks/months. But meanwhile we're facing sideways trend that is caused by many factors. I will post more macro view on this situation later, but let's focus on today's, local Bitcoin price.
We have strong support - demand zone at $54500-55000 and supply at $58500-59000 and i think these are our price levels for the next few days.
But please bear in mind that if our support fail we can expect a bigger drop, even up to ~$49-51k
Comment:
So far so good. We dropped a little more, but our white trend line held. Let's see whether we can maintain this level at ~53k
Comment:
A bit bigger picture is here ->
and I'm about to post one another chart with a global view on BTC chart. Stay tuned!
