The sharp rise in the price of Bitcoin, which we warned about earlier. Analysis of the current situation with visual graphs

Hi, Steemians...

Our previous post on Golos was dedicated to this sharp rise in Bitcoin, which we are seeing today. In order to understand the whole picture globally, one thing must be remembered - Bitcoin is the largest coin in terms of capitalization. At the moment it is more than 71 billion dollars. The daily turnover is also large - almost 5 and a half billion.

In order to disperse such a machine requires a lot of money. Lots of. And there is still silence in the cryptocurrency market; new investors do not risk investing at such a bitcoin price.
Another point - Bitcoin should push off from its bottom. This is the law. With such capitalization, he will have to show a double, or even triple bottom. Between these minimum indicators there should be long-term outset. This will be the time of consolidation of funds, before the next growth. All about everything will take more than one month.

Bitcoin has a problem now - how to break through TWO resistance lines at once.

Below is an enlarged schedule.

This is quite a difficult thing, because many bears will continue to sell Bitcoin as soon as its price starts to break through these two lines of resistance.

But, as you know, it is difficult - it does not mean impossible. Speculators can accelerate the price, but several more lines are waiting for us above. I think we will stop at one of them and go down.

The maximum that Bitcoin can show with its growth is $ 4900 +/- if we can reach the resistance line 4. In addition, in order for real growth to start now, we have to rise above point X. These are the laws of the exchange. It is located at a price of $ 6400. This is currently an unattainable peak, due to the fact that we have not passed the stage of consolidation of funds. So my verdict is, at best, a rise to $ 4900, and then a descent to support line 5, followed by a long side trip.

The @upvoteinvest team

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