Bitcoin's Next Major Move - Crypto Market Analysis - page 2.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: Ranie on June 28, 2020, 12:02:09 PM

There is no real indication that the price will shoot to 10k any time soon. The graphs are not showing it, the volume is not showing it. If anything, the price will only come crashing below 9k. It did already going far as 8.8k. Talking of a long term, yes we can witness that upward movement. But for now, I think it's going to hover around 9.3k and below

With the current several days that we have, it had to go $9100 and then recovered a bit $9300. I think for the next days it will show the same pattern just like 5 days ago.

But base on the most recent for its chart, there's a potential uptrend. This looks favorable to those that have bought when it reached under $9000 or even at $9000 level.

Ranie

jr. member

Activity: 166

Merit: 1

There is no real indication that the price will shoot to 10k any time soon. The graphs are not showing it, the volume is not showing it. If anything, the price will only come crashing below 9k. It did already going far as 8.8k. Talking of a long term, yes we can witness that upward movement. But for now, I think it's going to hover around 9.3k and below

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: ?? on ??

You should always be aware of all the changes.

Just like we are currently in, the OP talks about a break out to $10.5, yes we did touch that price but after that its been a roller coaster ride as the price fluctuates and we are now in the border of $9k and it's possible that it can go down even further as we don't see enough trading volume in the last week or so. And that $9200 resistance? it didn't hold so obviously, the price went on another decline. Let's just be positive that we can go to $10k in the last quarter of this year.

ATSgrowth

full member

Activity: 924

Merit: 106

homt.net

When I look at the graph, I see a higher chance that the BTC crashes. Declining volume is the best indicator, simply there is not enough power to go through the $10,000 resistance line, so the next option is down. Wink

Pectivark

newbie

Activity: 18

Merit: 1

I don’t know on any basis I assume we can get 12000 dollars, but reaching that level is very unlikely, we have resistance centers at 9700, 10300 and 10700 dollars that make it difficult to rise from 9400 dollars to 12000 dollars.

Even the breach of the 10500 level requires a break of a strong resistance level, which the price proved difficult to break when the price bounced back to 9500 when it reached 10100 dollars during the past days.

The decline is likely, so long as we cannot rise, the decline will inevitably happen.

emmaglory5

copper member

Activity: 134

Merit: 1

love to live honestly & try to be self-dependent

Platinum Crypto Academy

Bitcoin's Next Major Move - Crypto Market Analysis

Bitcoin is at a critical juncture. A breakout of $10,500 is likely to result in a vertical rally to $12,000 Crypto Market Analysis

#BTC #ETHUSD #Cryptoexchange #Cryptomarket #Cryptoanalysis #BCHUSD

https://www.platinumcryptoacademy.com/crypto-market-analysis/how-to-trade-btc-next-mega-move-crypto-market-analysis/

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