Crypto Analysis Report 6-23-18 BITCOIN...$6000 Level...Holding For Now...But Sub $5000 Is Insight
I spoke extensively about the $6000 level in a post almost two weeks ago.
In the above post, I talked about if price was going to have any chance of moving higher, buyers needed to take out the sellers at $6800.
However, the buyers were never able to take out the sellers at $6800. Yesterday, price breached the $6000 level and went as low as $5910 before pulling back.
If you look at the price action over the last several weeks, price has been forming lower highs and lower lows.
Thus, if price closes below $6000 on a daily candle, look for price to go down to the $4400 - $4800 area.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
https://steemit.com/bitcoin/@noorsamad/bitcoin-is-going-up
@rollandthomas sir, what do you think about bitcoin price in the end of this year ? Upvoted and Resteemed.
Really hard to say. At this point, we need to get pass $6800, then $10k first. If the Financial Markets start going down and people invest in crypto as a safe haven, we can see $20k before the end of the year.
Ok sir and thanks for reply to me
Always outstanding work....let's see what 'stand' btc makes at 6100....I do see some optimistic signs. (just not enough yet.)
Thanks @yankee-statman