Bitcoin Trend / 31 - 01 - 2018
Expected trading for today is between 9300.00 support
and 10700.00 resistance
It took years for bitcoin price to reach an amazing price, but few words and actions by the right people to smash it down. It's a battle of pro-bitcoin pumping vs anti-bitcoin dumping. Eventually one side will run out of money and the other will be victorious.
Having traded in the range of 9300.00 ( the low of the year ) to 13000.00 from 17th Jan, it has been sideway for 2 weeks now. Wedge Is Getting Narrower, Won't Last Long.
I think, bitcoin price wouldn't break above towards higher prices until the middle of February 2018, because experts are pointing to the Chinese New Year, which takes place on February 16, as one of the reasons behind the current correction being seen in the cryptocurrency market.
Bitcoin price now is around 10000.00 / the crash zone/.
Technical indicators are giving mixed signals, so it’s tough to tell what’s next for bitcoin price from here.
Volume is low as traders remain cautious, but I still suggest the bullish unless breaking 9300.00 / the low of the year.
Breaching 10700.00 level and hold above it, will push the price towards 11600.00 level.
Breaking 9300.00 level and hold below it, will push the price deeply in the crash zone towards 6000.00 level.
My point of view, bitcoin price might turn higher from here, as stochastic is already reflecting oversold conditions and looks ready to bring the buyers back.
Expected trading for today:
is between 9300.00 support and 10700.00 resistance.
Expected trend for today : Neutral.
Depends on;
- Breaching 10700.00 / Bullish.
- Breaking 9300.00 / Bearish.
Yep yep.... I'm remaining super cautious ever since we broke the 10k barrier.
For my perspective the downs and ups are normal. The popularity of and the trust in Bitcoin is a remarkable pro.
In the future till end of 2018 we‘ll see new highs!
May be today there are some disadvantages using Bitcoin, but I‘m convinced the community will solve this.
The spirit using virtual coins being independent from the traditional banking system will go on. 😎
Thank you for your posts!
I agree fully with you regarding the new high
My point of view will be around $30.000
XD
currently trading at $10300 and seem like it might drop even further, the entire coin market is in the red and the tether USD report that came out is not good for the market, hope it doesnt go the bitconnect way
yeah everyday bitcoin is ups and down
Great idea, but hard to implement! Still, I wish you luck!!& it is interesting to observe activities.
Resteemed
The post that you posted about Bitcoin contains many important information about this, which is very helpful for me. Through this post I learned something new. Thank you so much for sharing this great news about Bitcoin with us.
I am getting an idea about the market thanks to this post.Thank you
-cheers-
Bitcoin is sitting at $10,000 as I type this, and if I had any disposable cash on hand, I'd be buying more!!
Thanks for your post.
Thank you for the daily update. It seems that bitcoin is losing day after day. Do you think that it regains again?