Bitcoin (BTC) Blows Past Resistance!

in #bitcoin • 6 years ago

Bitcoin (BTC) just blew past resistance!

This coming week seems like a good time to take profits, to buy more BTC on a dip.

I am definitely expecting a dip back to the 23% level for at least one test of the new support level, if not an additional re-test, also, to form a new support base at that level.

In other words, I see BTC rising up a bit more and then re-testing the 9200 level as support.

If support holds at 9200 (depending on volume and market confidence), I see BTC rising to a new high and then retracing back to the 9200 for a re-test of support.

If that holds, then I think it is safe to say it will move upside to the 38% level and repeat the process of resistance turning into support again.

But we will see!

Good luck!

#btc #crypto #cryptocurrency
6 years ago in #bitcoin by
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