$7.5K Ahead? Bitcoin Price Charts Hint at Bull Move
The stagnant bitcoin charts could spring back to life in the next 24 hours, with a bullish move possibly on the cards.
The cryptocurrency has been moving in a more or less sideways manner for over a week now and - currently trading at $6,848 on Bitfinex - is largely unchanged on a 24-hour basis.
However, the price range continues to narrow on a daily basis (as seen on the chart below) and a breakout appears to be imminent.
https://www.coindesk.com/7-5k-bitcoin-price-charts-hint-at-bull-move-ahead/
The stagnant bitcoin charts could spring back to life in the next 24 hours, with a bullish move possibly on the cards.
The cryptocurrency has been moving in a more or less sideways manner for over a week now and - currently trading at $6,848 on Bitfinex - is largely unchanged on a 24-hour basis.
However, the price range continues to narrow on a daily basis (as seen on the chart below) and a breakout appears to be imminent.
https://www.coindesk.com/7-5k-bitcoin-price-charts-hint-at-bull-move-ahead/
The bull run is a true story as btc has cross near 7850$ and seems to be the starting point of the bull run. Hopefully we could see the btc above 8000 during the weekend and keep on rising. We may see some selling as well since btc has risen a bit so people would cash out some profits.
Exactly, what's funny though is that my wife is asking me that the pump was all over the news. I got nervous about her asking me because she doesn't know anything about it. So yeah, we don't need to get excited about the sudden price increased. Although TA is good to look at but I wouldn't put too much weight on it as almost all of the TA in the last 3 months was a missed because analyst says that the market will pick up already but it didn't. So let's see how it pans out, Are the pump artificial or not? Remains to be seen.
