Hello all,
Here is the last update of the day for the Bitcoin
So we did again a new high since my last publication. We touched 5.418$ on Bitfinex.com :
If you read my previous publication, you can see that my analysis and prediction was again :
- CORRECT
- PROFITABLE
Look that printscreen from my previous update :
Now, what can we expect for the Bitcoin?
Here is a long term chart with a new resistance line traced :
The orange line is a long term resistance line for the Bitcoin which started in March of this year.
I will be honnest with you, I don't think we will be able to break this line during that UP trend. So my prediction is that we will try to touch that line and experience a massive correction after. The level of this line is currently around 5850$ but the price level of that line is increasing day after day. So if we continue to have a massive up trend like today, we could touch it in the coming days. The price of that resistance line should be at that moment between 5850 and 6000$.
This is my long term prediction for the bitcoin. We need to experience a new important correction before being able to see the Bitcoin around a possible 8.000-10.000$ level. Can I be wrong ? Sure. I'm explaining you what my analysis is showing me but never forget that it is not an exact science.
Take care all and enjoy this new high,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to loose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BTC - MISE A JOUR - 5400$ touché comme prévu - A quoi devons-nous nous attendre?
