The Weekend Bear Or Weekend Bear Hunt ?
Welcome to BitCast! Today let’s look at the Bitcoin chart, and decide if this weekend is just a “bear” of bad news or a bear hunt. I don’t know if the term bear hunt is actually used, but that’s what I’m going to use for terminating the bear. Now Friday mornings are normally quite bearish, so I’m not even going to address the red in my blockfolio until around 5:30-6pm today. As you can see in this chart below, I’ve added a ghost feed. A ghost feed helps you determine the trend a little better using acutual candles, let’s dive in to the chart ⤵️
If you look from the 27th to the 29th, there’s a loss of $200 in value. If you look you can see my ghost feed, I took it from today until about 16:00 on the first of July. I believe the bears will eventually calm down, We will make it out of the weekend at or around $6,000. I hope you enjoyed this post ! For more of my thoughts on cryptocurrency please click the bitCast link in my signature to listen to my podcast have a great day !
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BTC
1BNcjXMpgMBXqxor5gtVm8zGkVoxGndhbR
LTC
LSJb7GSSUA8dJgnT2fFEkEj5tnSgHpzd3V
ETH
0xb72878750ec2456cced30a96f817aa94ba209325
BCH
1E7RbQ2FcE8s85Xh5a6XsNvdYLTimr6PYz
Waiting for the drop to $5,000, even then we still have some room towards the downside :/
Very possible , it could dip as low as $3,000 by early August . If this trend continues