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Economic Cycles

Bitcoin hits fresh all time high, how long will it sustain?There is a high possibility of some Pullback/Retracement. Looking at the chart - Technically in Bitcoin, At every $10k, there's an Accumulation Phase ( i.e. anger & depression ), and at some point there's a breakout, which is followed by an uptrend till next $10k. It's close to another $10k at $50170, which should technically act as a Strong Resistance. It has respected $10k before, therefore, it will in future. It doesn't matter who or the qty of bitcoins bought, markets have their own mind and events.
BITSTAMP:BTCUSDShort
by KuberPriya
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