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RE: Bitcoin (BTC) Morning Update: Two Paths but Same Destination

in #bitcoin6 years ago

If all would be a "panic" sale and not this slow, slow forming bearish market I would defenitely see Bitcoin getting up.
But BTC is following the top trend-line for a long time. Problem is that this trend line is lowering at around $ 140,-- a day.

Bitcoin is being squeezed out so "nice and softly" it's getting harder for me to see it ever get back into the $ 10.000,-- zone very soon.

It's gonna hit 7600 very smooth. It's gonna hit 6000 very smooth. Its gonna hit 5000 very smooth. Its gonna hit 4000 very smooth.
Then we can even get into the 3200 to 2500 zone as a panic sale.

After that Bitcoin will show buy and sell orders between 3000 and 4000 for a longer period. In that period we all have to decide if Bitcoin is gonna make it for the long term or if it will just be blown out like a night-candle!

BTC is getting squeezed out softly to these much lower levels.
Mark my words on this one!

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