BITCOIN - HEAVY RESISTANCE AHEAD OF MAJOR BULLRUN

in #cryptocurrency • 6 years ago

Hi guys,

As we all know, nothing can go up forever. Bitcoin is currently in a rising wedge channel which is going to hit heavy resistance around $12200(AUD). It is my understanding that bitcoin will bounce off this resistance and consolidate at a slightly lower price (~$11700, AUD). After this consolidation I believe that as long as we stay over the trend line which can be drawn from the 7800 (AUD) level then bitcoins future prospects are very bullish. 

This may be a good time to take some profits before buying into the small dip if you hold bitcoin.  

At this point in time, I can not find any negative news. However, keep in mind that news does impact the market sentiment.


 As always,  remember - bulls make money, bears make money, but HOGS GET SLAUGHTERED!! Don't be a hog guys!! 


Donations always welcome
Ethereum address (any ERC20 token):  0x15dFDafD261A263162178C994D7F78355B59dCca     



 

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6 years ago in #cryptocurrency by
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