Bitcoin continuation
Good pump with low volume today.
Why did it bounce? Could it be EOS-related speculation?
Bitcoin is forming an ascending channel pattern which likely leads to more drops.
50W SMA remains a resistance.
I still think 2.5k is a likely target eventually (with bull runs in between).
Of course, a big pump with volume could drive the market early into bull mode, but I think 8.5k could be the maximum in that unlikely case.
Why did it bounce? Could it be EOS-related speculation?
Bitcoin is forming an ascending channel pattern which likely leads to more drops.
50W SMA remains a resistance.
I still think 2.5k is a likely target eventually (with bull runs in between).
Of course, a big pump with volume could drive the market early into bull mode, but I think 8.5k could be the maximum in that unlikely case.
Note
Was btfx hacked yesterday right before the pump?Note
reached the point on the chart. will it go down?Note
Note
dropping tomorrow?Note
Note
will it reach the 5.2k target or just miss it?Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.