Bitcoin "Double Top pattern" will hit $6000steemCreated with Sketch.

in #bitcoin6 years ago

In the recent fundamental downtrend for bitcoin, after regulatory news release, we can see a very clear double top pattern in the Daily chart:

Screenshot_20180309-083224.png

This shows the current support level will break within a day and will see next strong support level wich is $6000 (fibonacci S3 on daily 7700$)

20180309_083708.jpg

Lastly, if you look at the below Bitcoin anxiety index gauge, you can see that the bitcoin camp is still not in disarray:

Screenshot_20180309-083553.jpg

One of the things we pay very close to attention is investor sentiment, and until the bitcoin camp is in gripped by hysteria, we feel that it’s unlikely to surge to new highs until this gauge is in the hysteria zone.

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