[Breaking] Could Bitcoin Gap Down To $5800 As Well? (BTC Price Prediction)

in #steemleo4 years ago

Bitcoin is once again falling, right now we are down 2% and trading around $6700. That means that we are one step closer to the potentially supporting trendline at $6500. However, I just discovered that there is more downside potential if you look at the volume history. There is big gap between $6850 down to $5900, so right now we have already entered that area and that could mean more trouble ahead.

But there is some hope in the intermediate future, the weekly chart is currently in a falling wedge pattern and that is actually a bullish formation and if we break out to the upside from this formation we could get a major breakout to the upside. However, that will likely not happen until the end of the year or beginning of 2020.


Your post has been curated by the bitcoin myk project. Tokens are available for this account you can trade for steem at: https://steem-engine.com/. Join our curation priority list to earn more tokens by registering at:


Visit our discord at: https://discordapp.com/channels/523971711733858364/523971711733858366

Bitcoin MYK
Register - Bitcoin MYK
This post earned 50 BTCMYK

3.000$ is the target

Posted using Partiko iOS

Coin Marketplace

STEEM 0.24
TRX 0.12
JST 0.030
BTC 69344.82
ETH 3616.21
USDT 1.00
SBD 3.19