Topic: What Do we expect from Bitcoin after the recent breakout? - page 2. (Read 138 times)
There is place until $10k now, however, it depends how strong the bulls are. If we hold the $6k and stay somewhere between $6k and $10k for 6months that would be already a great success
You need to be aware of all the new news to understand where the price will go, but it is very difficult. No one knows, maybe now there will be more bad news and the price will fall even more down!
i think some whales control media news to spread FUD today, this 5 percent breakout if good price to buy more before FOMO is coming about ETF CBOE.
if my hopes with bitcoin start pumping the price then altcoin also surely follow-up pumping the price. yes hopefully bitcoin continue to experience a tremendous increase later
Unfortunately there is currently some FUD news that makes Bitcoin down or maybe just a correction.
some of the news is.
https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
https://www.ccn.com/iran-inches-closer-to-national-cryptocurrency-in-plan-to-evade-us-sanctions/
https://www.ccn.com/swiss-regulator-finma-launches-investigation-into-100-million-ico/
So, in my opinion at this time Bitcoin can not be predicted by technical analysis.
some of the news is.
https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
https://www.ccn.com/iran-inches-closer-to-national-cryptocurrency-in-plan-to-evade-us-sanctions/
https://www.ccn.com/swiss-regulator-finma-launches-investigation-into-100-million-ico/
So, in my opinion at this time Bitcoin can not be predicted by technical analysis.
Bitcoin just broke the $7374 resistance zone and went up to $8k+. However, there are indications that a retest of the previous resistance zone as evident in the bearish big shadow. Do you think the retest will happen or is the bearish big shadow a mere pull back?
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