Bitcoin hits the support level / trend-line for the 10th time and is shooting back up

in #cryptocurrency • 7 years ago (edited)

Happy Sunday everyone,

As posted in this article 2 days ago, the strong support/trend line that Bitcoin is currently following is respected.
Now if we take a close look we can see that Bitcoin hits this support/trend-line now for the 10th time within 2 months.

So what does this tell us?

Strength.... lots of Strength...
with all the political bull**** going on between the Bitcoin miners and large stakeholders about the soft/hard-fork, we can still see a strong growth within Bitcoin.

Now imagine what will happen if they come to a solution soon.

to the moon....

Yours Truly.

CryptoPaul

#bitcoin #crypto #money #btc
7 years ago in #cryptocurrency by
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     7 years ago (edited)

    There is no clarity with SegWit yet but chart is clearly showing that no one is believing in hard-fork. Otherwise price would be already way down.

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     7 years ago 

    Lets hope it doesnt come crashing down

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     7 years ago 

    if the soft / hard fork problem will not be solved by the end of this month... it could... but nobody wants that! so I dont see it happening

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       7 years ago 

      I'm surprised how split things are on Bitcoin. We all know a break is coming soon. Whether up or down.

      With that said I'm also more in the mindset of a grind upwards for the reasons you presented, plus the crazy level of bull volumes that came in when BTC was attempting to really dip, representing those insane wicks on the daily chart. And those support lines are showing higher lows too as you've shown here.

      With that said, all we can do is wait, but I do like your positive attitude and TA here

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         7 years ago 

        Thanks, not sure if a break will come soon.... I personally think the break will not happen on BTC on the short term. the market is to volatile and a hard-fork will damage all of the crypto's.... (NOBODY WILL GAIN FROM IT) but lets wait and see what happens! I am sure we have some clear guidance within a week or 2.

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           7 years ago 

          Yeah the soft/hard fork is on everyone's mind. I agree that a hard fork resulting in two or more BTC currencies would be disastrous for a mid term length of time since it is the forerunner and seems to dictate which direction the entire market is moving, annoying as it is.

          Hard enough trying to explain BTC to the unknowing. Then trying to explain BTC Core or BTC Unlimited or whatever other silly names we hear about would be sheer torture.

          Either way we have some real drama coming our way this summer through fall. Should be edge of our seat thrilling.

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