Bitcoin Analysis
These days Bitcoin are doing pretty well and most of investors are waitting for altcoin season too. But I think that this time there won't be any dumb money like we see on December 2017.
This time everything will be diffrent, we will not see huge gains on every blockchain project. The price for cryptocurrency will grow organic, the market it self will eliminate "shit coins" from great projects. The BTC price will grow steady and eliminate investors without knowledge.
In the next few days BTC will drop to 18k$ and around Christmas BTC will break 20k$ resistance.
As we can see on the chart BTC building lower highs and higher support levels . So if the BTC will break the triangle and starts to trade below BTC price will probalby come back down to 18k.
Also:
1. MACD indicator show bearish sign 4h, 1h chart.
2.1h chart BTC breaked 60EMA,200EMA support zone.
But 100% positive that Bitcoin Will surpass 20k$ Resistance Level and we will all see new highs.
Offcourse success is no way guarateed , one day we can look back and say:”Well Blockchain Technology wasn’t that great”, but if you ask me there is undoubtedly huge amount of progress that already is made.
This time everything will be diffrent, we will not see huge gains on every blockchain project. The price for cryptocurrency will grow organic, the market it self will eliminate "shit coins" from great projects. The BTC price will grow steady and eliminate investors without knowledge.
In the next few days BTC will drop to 18k$ and around Christmas BTC will break 20k$ resistance.
As we can see on the chart BTC building lower highs and higher support levels . So if the BTC will break the triangle and starts to trade below BTC price will probalby come back down to 18k.
Also:
1. MACD indicator show bearish sign 4h, 1h chart.
2.1h chart BTC breaked 60EMA,200EMA support zone.
But 100% positive that Bitcoin Will surpass 20k$ Resistance Level and we will all see new highs.
Offcourse success is no way guarateed , one day we can look back and say:”Well Blockchain Technology wasn’t that great”, but if you ask me there is undoubtedly huge amount of progress that already is made.
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