[ Bitcoin ] Bitcoin Bulls taking a break?

in #bitcoin4 years ago (edited)

Bitcoin had a great run this week and run to $11284 on Bitstamp yesterday. So we did break $11 even for a short time. We then saw a double top at $11284 and then the bears came out to play.

The bears took us down all the way down to $10192 in the last 12 hours. We then saw a rebound to $10600. So it looks like the 10k level is new support.

So where are we going from here? More consolidation and then up to $11k again? The RSI was overbought at $10853 so the pullback was overdue.

Here is the latest from the Chart Guys. This was recorded 12 hours ago and Dan predicted this pull back:

Tone Vays gives us a more longer term view on the bitcoin price. He also has a chart indicator that helps him decide to buy or sell bitcoin:

What do you think of the current bitcoin price? Going up or down from here?

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Just taking a breather! We'll be surging again soon!!

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Me Too LOL! You've got a new follower @conradt!

It went over $11.2k in all exchange I've visited. Anyways, I think a slight correction happened when it dipped up to around $10,080. It's now hovering at around $10.7. If this holds, I think we're going to $11.4 - $11.6k before dipping again, then up to $12.5k if it breaches $11.6k and hold above that line.

You are right @vhmcrypto. I made an error. Fixed it now. Thank you for your help. :)

Love this technical analysis, thanks for your insights. So valuable!

On Binance we did break the 11k. Very shortlived moment.
But good signs overall!

You are right @nmkeur. I made an error. We went up to $11284 on Bitstamp

bitcoin will rise to the occasion when the time comes . in fact it has demonstrated it's capability a dozen times . Because after every stormy night , no matter how long it lasts , daytime will always break . Bulls have their way .

Well Said! Following YOU!

I think it's a good thing BTC slows down a bit. I really don't want to see a repeat of Novembers run and then the crash.

Would be great for more major ups and down. Lots of trading chances

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It actually broke 11K as someone already said which was pretty nice but short lived :)

I think we are up for a major bullrun soon, we just need to have a bit more patience! Beginning of march should be around 15K.

// @sanktnico

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