Topic: [2019-06-25] Analysts Believe BTC Could Climb Significantly Higher (Read 103 times)
That bitcoin has been surprising a lot of people especially those who are not so positive about its potential is not actually surprising to me. This has been projected and predicted by many well-known and pretending-to-be-known personalities for the past many weeks with many even saying it can go beyond the moon...I supposed it must be going to Mars to help the planet get "terraformed" (just kidding but then why not?).
Now, it is quite understandable that after an exhilarating push upward, there can be some resistance that can hopefully put bitcoin on some dip -- I am actually praying for it as I am now prepared to convert some of my non-performing alts into bitcoin. Bitcoin is slated to continue its bull run this time of the year which I am sure can be ongoing for the rest of 2019 and even into 2020 when halving is scheduled to occur.
June 26, 2019, 10:06:58 PM
And just a few hours later Bitcoin dumped to $11k. How funny it is. If price increase steadily nearly everyone feels that it will keep rising, and if it dump continuously, they said 0 will come soon.
Just usual media narrative. And please don't use URL shortener.
Just usual media narrative. And please don't use URL shortener.
June 26, 2019, 04:28:00 PM
Bitcoin has continued to surprise investors as it has been able to maintain its upward momentum even after it pushed into the upper-$10,000 region, where it faced increased levels of selling pressure. Despite this, BTC is still facing some resistance in the lower-$11k region, and it is unclear as to whether or not the crypto’s bulls will have enough strength to propel it higher.
after your post the price has increased a lot
Analysts are now noting that Bitcoin is still expressing some bullish technical formations, and if it is able to surge as much as it has so far this year, its price may soon close in on the upper-$30k region.
again with an exaggerated price forecast, no offense but $ 30,000? I very much doubt that this will happen
the link does not work, fix the link
Here is the link that works:
https://www.newsbtc.com/2019/06/25/bitcoin-after-pushing-past-11k-analysts-believe-btc-could-climb-significantly-higher-heres-why/
June 24, 2019, 09:08:33 PM
Bitcoin has continued to surprise investors as it has been able to maintain its upward momentum even after it pushed into the upper-$10,000 region, where it faced increased levels of selling pressure. Despite this, BTC is still facing some resistance in the lower-$11k region, and it is unclear as to whether or not the crypto’s bulls will have enough strength to propel it higher.
Analysts are now noting that Bitcoin is still expressing some bullish technical formations, and if it is able to surge as much as it has so far this year, its price may soon close in on the upper-$30k region.
Bitcoin Breaks Above $11k, But Faces Increasing Resistance
At the time of writing, Bitcoin is trading up just under 3% at its current price of $11,020, up from 24-hour lows of $10,600.
Ever since BTC first broke into the five-figure price region last Friday, it has been forming a pattern of consolidation, ranging between roughly $10,500 and $11,200, with support at the former price and resistance at the latter price.
Unless the cryptocurrency’s bulls step up in the near future and propel its price past $11,200, it is highly likely that BTC will continue ranging between the aforementioned price levels before it finds some better direction.
It is important to note that the recent upwards momentum has allowed Bitcoin to form some strong technical formations, which may help lift its price higher in the coming days and weeks.
Jonny Moe, a popular cryptocurrency trader on Twitter, recently told his nearly 16k followers that Bitcoin is currently forming an ascending triangle that is similar to the one formed right before Bitcoin surged past $10,000 last week.
Bitcoin: After Pushing Past $11k, Analysts Believe BTC Could Climb Significantly Higher; Here’s Why
Analysts are now noting that Bitcoin is still expressing some bullish technical formations, and if it is able to surge as much as it has so far this year, its price may soon close in on the upper-$30k region.
Bitcoin Breaks Above $11k, But Faces Increasing Resistance
At the time of writing, Bitcoin is trading up just under 3% at its current price of $11,020, up from 24-hour lows of $10,600.
Ever since BTC first broke into the five-figure price region last Friday, it has been forming a pattern of consolidation, ranging between roughly $10,500 and $11,200, with support at the former price and resistance at the latter price.
Unless the cryptocurrency’s bulls step up in the near future and propel its price past $11,200, it is highly likely that BTC will continue ranging between the aforementioned price levels before it finds some better direction.
It is important to note that the recent upwards momentum has allowed Bitcoin to form some strong technical formations, which may help lift its price higher in the coming days and weeks.
Jonny Moe, a popular cryptocurrency trader on Twitter, recently told his nearly 16k followers that Bitcoin is currently forming an ascending triangle that is similar to the one formed right before Bitcoin surged past $10,000 last week.
Quote
"BTC sure looks like it’s painting ANOTHER ascending triangle"
Bitcoin: After Pushing Past $11k, Analysts Believe BTC Could Climb Significantly Higher; Here’s Why
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