probably like the volcanic effect, he keeps a lot of pressure under him for a big explosion in the future. but that needs to be remembered here, after an explosion in price is so high, will certainly impact the price will also stop, all price movements stalled due to market factors. all things can be sustainable and can not be separated from the price movements of a currency.
what you need to watch out for here is, preparing if someday, bitcoin prices will stop at a certain point, what will be done? I think, bitcoin prices will not soar later, because I see a lot of people are turning to ethereum for his investment.
Topic: Are Bitcoins silently preparing for a big jump ???? (Read 289 times)
We have seen a lot of resistance to drops past about $260 billion for the whole market. As soon as the consensus is that prices won't drop below that point, we will have established a new base in preparation for rises ahead. The signs at the moment are encouraging, but really it is still too early to say for sure.
This a big sign for all of us. One of this days Bitcoin will gonna be back and recovered. As i can see the news lately the prediction is real and i hope will be grow more and more even if its unpredictable lets hope for the best of it.
If you saw your analysis the day before yesterday, it would be very good. The prediction is too accurate. It looks like the market has begun to become green.
The main thing is that this jump does not become fatal or a jump into the past with a price of 5k per coin. Bitcoin will not be at the level of last year, there's no need to guess. We all saw what his price was during the crisis and how much he descended and after that everyone believes that he will grow to 12-15k.
Well the uptrend is not yet stable, bitcoin is still floating around 8k. Next weeks or month peraphs something will happen.
Your analysis was posted on April 12 at 10AM UTC. Isn't that just past the time that the market surged?
Did you suddenly see the surge and decide to post your TA so that it looks like you predicted it? If this was at least a day in advance i would have worshipped you. But it seems like you are trying to hard on this..
Did you suddenly see the surge and decide to post your TA so that it looks like you predicted it? If this was at least a day in advance i would have worshipped you. But it seems like you are trying to hard on this..
Quote
Your analysis was posted on April 12 at 10AM UTC. Isn't that just past the time that the market surged?
it posted at btc 6830 $. before the market rises.
Quote
worshipped you. But it seems like you are trying to hard on this..
No, I spent a few days analyzing, I wanted to share for everyone to make money.
As you can see, the BTC was at $ 8k1
It looks like you've made a point, just after your post Bitcoin has taken off, LoL. However, it still remains to understand if it is a bulltrap or not.
I don’t know! But i think! Bitcoin and altcoin still grow up in next times!
I hope so! Because bitcoin and altcoin is the best way for internet money!
I hope so! Because bitcoin and altcoin is the best way for internet money!
Looks like you were right, however it wasn't silent
I concur with his analysis but let's be specific what does silently means. When bitcoin is starting to prepare something big, there's always a noise for it. 
Looks like you were right, however it wasn't silent, all indicators were that we were close to the bottom of the bear period. Now that we have broken the $7,500 support level it would take quite some bad news to put us back under it. Odds are we will start a small bull streak until we reach the next resistance point in the mid $9,000 range.
If this analysis is correct then it will occur at high prices spike bitcoin. But if you look at the condition of what happens at this time it looks like the increase does exist but will be gradual.
How you can define that? It looks like the analysis is a bit correct about to predict where the candle of bitcoin will be going on. But in fact you can see that again bitcoin prepares for big gain at the end of this year. Remember last year bitcoin was starting from the middle of year until the last year and it's always bullish. 
Bitcoin (BTC) is stuck below $ 7,000 in the past few days, but is it that bitcoins are quietly preparing for a big jump?
Actually, bitcoins are restricted to narrower trading ranges for nearly a week, both bears and cows are not able to dominate bitcoins.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The chart above shows the narrow price range (triangle) during the past week.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
As of now we are currently seen that the market is in green and I'm sure everyone are happy for that matter. But one thing that I'm thinking and it's how long does the market goes like that because there's a fact that it's only moving just a little and it make the sense that it can't be really the beginning of it's full recovery and maybe it's fluctuation is in the normal range. It is so difficult to know what exactly will be happen so for now I'm just sitting in the side and still keep my eyes in the market and evaluate again what will be the possible next to happen.
I'm 100% agree with you here. Yes, we are very happy how things were for the better today, but I will still be cautious. Do you have any speculation as to why the sudden pump? I'm still at lost up to know that's why I said 'pump'. Maybe someone from behind is during this that's why I still not totally sold on the price immediately jumping to $1K in a day.
So that also begs me question if this is natural of just artificial pump, Or can be sustain this growth and can call it a recovery phase? Let's see how it goes, would be very happy to see it this is sustainable growth because we have seen too much bears already, its time that the bull take charge of the market again.
Bitcoin (BTC) is stuck below $ 7,000 in the past few days, but is it that bitcoins are quietly preparing for a big jump?
Actually, bitcoins are restricted to narrower trading ranges for nearly a week, both bears and cows are not able to dominate bitcoins.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The chart above shows the narrow price range (triangle) during the past week.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
As of now we are currently seen that the market is in green and I'm sure everyone are happy for that matter. But one thing that I'm thinking and it's how long does the market goes like that because there's a fact that it's only moving just a little and it make the sense that it can't be really the beginning of it's full recovery and maybe it's fluctuation is in the normal range. It is so difficult to know what exactly will be happen so for now I'm just sitting in the side and still keep my eyes in the market and evaluate again what will be the possible next to happen.
If this analysis is correct then it will occur at high prices spike bitcoin. But if you look at the condition of what happens at this time it looks like the increase does exist but will be gradual.
Big growth will begin when the owners of altcoins believe in the future race, start to drop them, passing into bitcoin.
I think that this would be the best time or the good time the the bitcoin will now having a big jump and also the first 3 months was all drop and this summer the bitcoin will know pump more
I think with what has been happening now , good news coming regarding big institutional investors, saudi arabians accepting bitcoins , concensus 2018 coming in May... I think this is just the start of an increase and the bull run we are all waiting for..
The 15% jump is too much to be neglected.
Bitcoin can't grow silently now.
Media will report it and people will notice it.
We will see more jumps soon.
Bitcoin can't grow silently now.
Media will report it and people will notice it.
We will see more jumps soon.
For now, it is still hard to say that the bull market has arrived.
Because all tokens have a big drop, it's hard to say that the bull market has come, because it can't keep falling, and they're going to go up again.
Because all tokens have a big drop, it's hard to say that the bull market has come, because it can't keep falling, and they're going to go up again.
Bitcoin (BTC) is stuck below $ 7,000 in the past few days, but is it that bitcoins are quietly preparing for a big jump?
Actually, bitcoins are restricted to narrower trading ranges for nearly a week, both bears and cows are not able to dominate bitcoins.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The chart above shows the narrow price range (triangle) during the past week.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
Yes,It's already reach $7,845 as for today, there's nothing to worry about, i also think that BTC is preparing a big jump and gonna increase rapidly to the peak, let's hope and wait until it happens, I think BTC can reach $10k again this year in the near future
Rising up is really good to know and no doubt that bitcoin can be reach again it's highest pump but in what we have now which is consider just a little bit movement of it I must say that it's possible that it's only a normal flow maybe for the next day it's dump again what I mean is slow and little movement can't be consider as a full recovery and maybe it's only a preparation to it's upcoming high jump. Even though the value is better for now we need to be always aware and actively check the the market so we can act easily if what will be the best strategy to do.
The current bitcoin's price increase is now the hot issue where it could lead to the most anticipated bull run that is expected to happen in the coming weeks. Partly, at $7.8K as of this writing has been an achievement for bitcoin to regain back it's usual price and gradually moving forward for another kick off that would mean we will be expecting a more promising profit by then.
I think bitcoin is beginning to recover from its long time Dip. So as ethereum as well. I think the market is getting stabled. It's a good news for us investors.
Hopefully, it's been so this month bitcoin is so down, so do not be surprised if bitcoin will prepare big jump, and with the decrease of bitcoin price today many people invest long term and buy bitcoin for future, and myself better wait for bitcoin price back to stable
Bitcoin (BTC) is stuck below $ 7,000 in the past few days, but is it that bitcoins are quietly preparing for a big jump?
Actually, bitcoins are restricted to narrower trading ranges for nearly a week, both bears and cows are not able to dominate bitcoins.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The chart above shows the narrow price range (triangle) during the past week.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
Yes,It's already reach $7,845 as for today, there's nothing to worry about, i also think that BTC is preparing a big jump and gonna increase rapidly to the peak, let's hope and wait until it happens, I think BTC can reach $10k again this year in the near future
Rising up is really good to know and no doubt that bitcoin can be reach again it's highest pump but in what we have now which is consider just a little bit movement of it I must say that it's possible that it's only a normal flow maybe for the next day it's dump again what I mean is slow and little movement can't be consider as a full recovery and maybe it's only a preparation to it's upcoming high jump. Even though the value is better for now we need to be always aware and actively check the the market so we can act easily if what will be the best strategy to do.
You are really good at predicting the future.
All of a sudden, bitcoin jumped more than 10% in less than a hour.
I believe the next few weeks will be quite interesting.
The rise of Bitcoin is forthcoming and it's soon and shall pass the 10% rise you see. Looking at the price on the market now ($7821), it is more likely to escape the bear market as it is calling the interest of investors. If the market price is maintained in the $7K-$8k range for a while, BTC will see a huge trajectory rise in no time. All of a sudden, bitcoin jumped more than 10% in less than a hour.
I believe the next few weeks will be quite interesting.
You are really good at predicting the future.
All of a sudden, bitcoin jumped more than 10% in less than a hour.
I believe the next few weeks will be quite interesting.
All of a sudden, bitcoin jumped more than 10% in less than a hour.
I believe the next few weeks will be quite interesting.
Bitcoin (BTC) is stuck below $ 7,000 in the past few days, but is it that bitcoins are quietly preparing for a big jump?
Actually, bitcoins are restricted to narrower trading ranges for nearly a week, both bears and cows are not able to dominate bitcoins.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The chart above shows the narrow price range (triangle) during the past week.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
Yes,It's already reach $7,845 as for today, there's nothing to worry about, i also think that BTC is preparing a big jump and gonna increase rapidly to the peak, let's hope and wait until it happens, I think BTC can reach $10k again this year in the near future
Your analysis was posted on April 12 at 10AM UTC. Isn't that just past the time that the market surged?
Did you suddenly see the surge and decide to post your TA so that it looks like you predicted it? If this was at least a day in advance i would have worshipped you. But it seems like you are trying to hard on this..
Did you suddenly see the surge and decide to post your TA so that it looks like you predicted it? If this was at least a day in advance i would have worshipped you. But it seems like you are trying to hard on this..
nicely spotted
although i feel ta has little to offer for crypto trading other than setting you up for a big loss after a few small victories.
This is just the way my analysis is correct, and I can apply it for future analysis. although i feel ta has little to offer for crypto trading other than setting you up for a big loss after a few small victories.
nicely spotted
although i feel ta has little to offer for crypto trading other than setting you up for a big loss after a few small victories.
although i feel ta has little to offer for crypto trading other than setting you up for a big loss after a few small victories.
So as per your technical details market got reacted and it crossed $8100 mark so what will be the next part will it go more high or their will be profit booking and the price will get dumped
This is my analysis when btc is at 6k7, according to buy and sell estimates buy stronger, btc will go through 8k1
Based on your analysis, if i am in line, the boom of Bitcoin is imminent and if the price at above $7000 is sustained, we are likely to have more mooning of Bitcoin. I believe this will help the crypto market. Although a rapid growth might be scary, because it might call for another rapid fall. I think a steady growth will be much better and which has the tendency of being sustained.
So as per your technical details market got reacted and it crossed $8100 mark so what will be the next part will it go more high or their will be profit booking and the price will get dumped
Bitcoin (BTC) is stuck below $ 7,000 in the past few days, but is it that bitcoins are quietly preparing for a big jump?
Actually, bitcoins are restricted to narrower trading ranges for nearly a week, both bears and cows are not able to dominate bitcoins.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The chart above shows the narrow price range (triangle) during the past week.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious.
The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference.
The support threshold is found at $ 6,570, while resistance is at $ 7,080.
The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale.
Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150.
However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom.
On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum.
The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000
On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100.
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