Bitcoin above $ 11,000
The price of Bitcoin exceeded the limit of $ 10,000 last weekend and today the price is once again above $ 11,000. Bitcoin has almost doubled since the low of $ 6,000!
To set a higher top and thus draw a bottom pattern, Bitcoin must rise above $ 11.850. So there is still some work to be done...
On the graph above you can clearly see there is a resistance to be broken before we can really say that we have seen the bottom. I expect this resistance to break within a few days so we can set new, higher targets for our beloved cryptocurrencies.
In the meantime, Bitcoin is taking all other cryptocurrencies along in tow. The full market capitalization of the cryptocurrency market is again above $ 500 billion. Compared to the low point, market cap has already doubled.
Disclaimer: I am not a financial adviser nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
Let's go to the moon!
Thank you for reading.
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Cheers,
MAXIDIGI
