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From the very start of history, bitcoin has be written off, this chart sums up the history behind the most valuable cryptocurrency.This charts states that bitcoin could reach its ATH in December 2019 and reach $600,000 in 2021. Between 2014 and 2016 it took 1141 to reach its ATH, but once it did it exploded to new ATH.
Hope you all like this chart.
As you can see from the daily chart, Bitcoin has reached a turning point. Solid long-term support from below and at the end of a wedge formation. Any day now Bitcoin will have to make a decision and I expect it to be the start of the next bull run for Bitcoin and Crypto as a whole.
Bitcoin is classed as a 'Currency' but is traded as a 'Commodity'. What you ...
It is imperative in my opinion for bitcoin to respect this all time trend line, we are approaching it in the near future. I think the price could dip further in the next few weeks, but then a new bull run will begin.
Let me know what you think in the comments.
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9th October breakout to around $8,000.
Looking at the shape of the flags that we are seeing recently on the bitcoin chart seems to suggest a bull move which is overdue as we already had one of the bullish flag formations, then a repeat of the pattern, the move should come within the next couple of days maximum, so look out for confirmation.
In the next day or two we can expect to see another price movement for bitcoin.
Do you think it will break bearish or bullish?
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BTC Found support at $6550 and is holding well, If we breach $6500 we could be heading towards $6200 region, but expected to keep the curve moving upwards and possible retest of $6750 (Purple Line) which could send us back down slightly but the curve could make us push on towards $6900 (Green Box)....
If we drop towards the $6500 region I would get out of any ...
BTC broke out of the box which on the Fib is very close to the 38%, once broke we found resistance $6752 50% Fib..The box region we was stuck in bounces of resistances and supports for 15 days.
From the chart, the 61.8% fibonacci level on the downtrend has been acting as the major resistant for bitcoin for the entire year so far. The next 61.8% fibonacci level will be at 6910 which is just around the current downtrend trendline, breaking this resistant could signal a major uptrend move.
Currently strong support at 6000 USD so watch out for the entry ...
BTC volume drying up signing lose of interest in the market which is typical of bottoms. where retail investors are disillusioned and deluded. they leave the market giving big investor time to accumulate before start a sharp move which will hit news and create FOMO in old and new retail investors. The question is what it would be more lucrative for big investors ...
BTC has a major resistance at the 38% Fib, 50MA is a possible spike towards and a retrace down towards ¢6200. Major manipulation on the 1HR chart. Still trading in the box region and until we break either way, no trade on BTC.
DGB is moving a box region and being held up by support and resistance, a break either way will dictate where the next few weeks we will be going, as the ETF is around the corner I would wait for a entry.
BTC movement between $6100 - $6600 and sideways movement towards the next ETF which will push price south towards $5800 which I do believe wont hold.
BTC on the weekly looks very weak and will be heading down towards $5250, once we hit this I do believe then could be the final push downwards and we should see a fast reversal followed buy mass movement towards the upside.
Following the small uptrend and respecting the lines, we could see a surge towards $7000 for sure before we pullback.
The bear market is possibly over for BTC 1.21% . It is approaching a 6 years support trendline from who we bounced back in september 2015. In order to reach new lows BTC 1.21% has to break through 2 strong market support (7 years) since inception. The lowest point reachable without breaking the structure is 5550. It may be a good time to accumulate. October - ...
For around 12th October hitting prices above $8,800 USD. This is based on the new wicks that broke the previous pattern slightly.
It looks like the price is in a falling wedge type of pattern right now, and the breakout could go to the upside giving bitcoin huge potential for approaching $10,000 USD again. Let me know what you think in the comments, like the idea if you agree, and follow me for more price predictions in the future!