Where is Bitcoin going
This is a post for those who follow the cryptoworld. Bitcoin the most powerful and famous coin is now trading at 2,430 usd. 2,430-2,450 is a support point which if gets broken can lead to a drop to 2,200-2,250 then 2,000. On the other side if it supports there watch the break of the 2,650(the most critical point now) breaking that point would lead to a run to 3100-3200. At that point I would cash out and watch the market. My personal opinion is that we will see an upward run. Trade safely guys!!
Excellent write!
Yes the resistance in bitcoin this pass week was around the 2,590 level so yes i agree with you that if we can break through that resistance level we will see a run up to a new high.
Looking for a 2650 break that's the most important point!!
Whats the special about the $2,650 level if you dont mind me asking please enlighten me
Currently bitcoin is trading under its moving average (27). Why 27? Because it's the most accurate one looking at bitcoins history. If it manages to pass the 27 day moving average and stay over it ; it will run to 3050-3200!!
Oh ok thanks for the very useful information i will keep an eye of the level. Thanks again
It's still in the negative territory; if it passes the 2650 it goes positive. Because instead of a ceiling that point becomes a floor.
Yes at that point the once resistance level will now become a support and the longer we stay above that level it will make that support level stronger. Correct?
!! Perfect 😉
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