Bitcoin 8000$ soon see possible Reason Based On Technical analysis. (11 july 2018)
Hello guys, we know that last few month was bad for Btc as well as altcoins. Right?
so here i am going to give you some positive possibility of btc.
We know In last 2-3 day btc has been consolidating near 6950 Which is also Resistance level. But btc can't break that level which is good for us To Forming Inverted Head and Shoulder Pattern.. Note:- pattern not complete yet but it is possible to complete soon.
1 Day Chart
You can see In chart the current situation of btc support at 20 Moving average.. also possible to bounce from here.. To complete right shoulder of pattern.
Also you can see RSI bullish Divergence which really positive sign for us.
NOTE:- This Post is Only For Education purpose.
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I personally want Bitcoin to remain low for a few more months, that way we can get some more time to fill our bags at lower prices. Nevertheless, good analysis @avinashdebnath
Thanks
@avinashdebnath hope so you are correct dear
Lets see what happen..
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