[Bitcoin Price] Bitcoin in consolidation, will we see a dip now?
Bitcoin had a great run the last 4 day and we are in consolidation. In this time, we might see a dip, but how low will we go and is this bad news? No, it is not bad news. This is healthy for Bitcoin and the bitcoin chart.
Top resistance is now at $9149 on Bitstamp. The short term resistance is at $9080. We are currently at $8977 on Bitstamp. The consolidation can take a couple of days.
Here is Dan from the Chart Guys with more detail on Bitcoin, Ethereum and Litecoin:
Haejin Lee gives his price prediction for the next round for Bitcoin. He basically is predicting an ABC correction to about $8400 and then a nice up run to about $10300 or $12200. Watch below for much more detail:
Do you think we will see a dip in Bitcoin price in next couple of days or straight up to $10k?
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I just found this on Tradeview. Very interesting and looks like it confirms what Haejin is saying: https://www.tradingview.com/chart/BTCUSD/lP7DIc2e-DRAMA-BITCOIN-to-10-000-USD-NOW-Here-Is-WHY-It-s-So-Important/
Looks like they were all wrong as Bitcoin as taken another leg down to $8150. Is this the last of it or are we going lower? Not nice seeing Bitcoin this low and SBD at $1.80
I upvoted! Your posts are always very helpful, thanks!🙂
Thank you for your support @heavenlydoms
I think it will consolidate at the lower price for several days and then we should see a bit of a run. Barring any bad news of course. But I think we will not see a breakout until after the tax season in the Us has passed. Too much uncertainly. Just the thoughts of a novice. Thanks.
Great comment David, lets see what happens.
Great Comment, You've Got A New Follower!!
Thank you sir. I am following you as well. I watched a few of your videos. Great stuff about wealth and success building. Where are you in S. Africa. Been there several times and have partners there now. Thanks.
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I love it!
Very interesting view @davidallenjones. Thank you
Yes it is very interesting
Bitcoin has been range bound since mid Jan. If price break $12000 we are going higher. If price break $6000 then we are going down. Since price broke the daily trend line and my $8625 line in the sand (yellow line), the price action says price wants to move higher.
Do you think we are going back to below $8000?
The buyer couldn't hold the $8400 level today and we are drifting lower currently. As you can see from the chart, there sellers at $9200 won the battle and pushed price back down. I think the test of the lows on 3/18 at $7200 is very possible because there is nothing to stop price at this point.
I think a better buy would be lower at $6k which signifies daily demand.
I hope that helped and thank you for your question.
Good long term analysis. Thank you @rollandthomas
Thank you for continuing to bring the fire.
I also see consolidation. With no action being taken on G20 I am quite confident of a move up however.
Yes it will. We just need to give it sometime. There is some profit taking now, but it is ok. It will go up again like Dan and Haejin is seeing it.
Yes, but it is taking much longer than they predicted. Bitcoin is very unpredictable beast. :)
Very insightful post. I am currently on a let's-wait-and-see mode.
I like that mode. :)
Jip waiting and seeing now for 3 months! :(
Bitcoin is going down for the last time!!!
https://steemit.com/bitcoin/@pg-live-pt/bitcoin-drops-200usd-in-60-sec-cryptocurrency-blockchain
Yes you are right. Down to $8150 now
I think you are right. Read your post too.
good work friend
Thank you @gohain
helpful information
Yes, very helpful
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You got a 5.13% upvote from @adriatik courtesy of @colinbrazendale!
Thanks