Topic: BTC is about to crush major resistance points (very bullish) - page 3. (Read 1329 times)
Bitcoin was able to maintain its price $3400+ and didn't fall much after once touching $2900 for a day. This shows that it is not a bubble but is experiencing a natural growth. All this downfall was a minor correction. Since, everything with China will be sorted by September end, buying activity has increased and so does the price. As after September price will more likely stay bullish.
The technical analysis sustained by most professional traders on bitcoin right now is that it was key to stay above the $3400 latest bottom as the closest resistance we had, because below that it was descent into hell. We were able to stay above that and don't cross the 300 day moving average which would have been very bad, through the weekend, and now that the market started becoming active with the start of the week, we are seeing massive bull pressure to break the $4100 key point. So keep an eye on that number if we cross it, get ready for another re-test of an all time high possible as soon as this week, which with due traction, could lead us to $6000 pretty easily.
I was positively surprised by USD 3500,- holding the way it did. Now the way I see it everything indeed depends on whether we manage to break USD 4100,-.
However I'm afraid that the slightest sneeze by China might send us retesting USD 3500,-, probably even USD 3000,-. Let's see.
The technical analysis sustained by most professional traders on bitcoin right now is that it was key to stay above the $3400 latest bottom as the closest resistance we had, because below that it was descent into hell. We were able to stay above that and don't cross the 300 day moving average which would have been very bad, through the weekend, and now that the market started becoming active with the start of the week, we are seeing massive bull pressure to break the $4100 key point. So keep an eye on that number if we cross it, get ready for another re-test of an all time high possible as soon as this week, which with due traction, could lead us to $6000 pretty easily.
6000 for December 31st would be awesome. I think it is definitely possible. 
The technical analysis sustained by most professional traders on bitcoin right now is that it was key to stay above the $3400 latest bottom as the closest resistance we had, because below that it was descent into hell. We were able to stay above that and don't cross the 300 day moving average which would have been very bad, through the weekend, and now that the market started becoming active with the start of the week, we are seeing massive bull pressure to break the $4100 key point. So keep an eye on that number if we cross it, get ready for another re-test of an all time high possible as soon as this week, which with due traction, could lead us to $6000 pretty easily.
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