Topic: Bitcoin Price Trend Reversal in Progress? - page 4. (Read 745 times)
Now Bitcoin is steadily moving up. But do not forget that January is ahead. Usually at the beginning of the year there is a decline in liquidity in the market and the price falls slightly. But now Bitcoin is growing. I have conflicting thoughts about the future price of Bitcoin.
bitcoin price increase may be due to buy support at $ 6000, recently the price of bitcoin fell to touch the price of buying support, it seems like it was a hard blow to make prices take above $ 7500, this proves that the game is still being played by big traders
If bitcoin manage to have a daily close with its current price then we might see a trend reversal. However im also looking at CME futures chart gap because those gaps tend to get filled quickly. So ultimately we'll find out sooner in CME futures but most probably bitcoin's next movement will make a dip then retest the $7900-8000 resistance. This is just my opinion.
On Sunday Bitcoin (BTC) price revved up to rally from $7,115 to $7,642, providing a 7% gain and an unexpectedly strong weekly close, which now has some analysts suggesting that a trend reversal is in the making.
I don't have a cow.
After all it's Bitcoin.
https://s3.cointelegraph.com/storage/uploads/view/e2e57ce3f5f349ea17bb86d26601360f.png
I don't have a cow.
After all it's Bitcoin.
https://s3.cointelegraph.com/storage/uploads/view/e2e57ce3f5f349ea17bb86d26601360f.png
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