Hello
I just had a quick look at the chart, and as we see the bitcoin price keep falling down.
At this moment my thoughts are that price might turn back at:
& first point which is marked by blue arrow and price around 9250$
& second one is light blue arrow and price around 8200$
& third one if we get to it - that would be resistance level around 7700/7800$
What is your thoughts?
Remember that is just only my analysis, i didn't came from the future and i don't have a crystal ball, most of analysis which i have done for myself has been in 90% correct, but i never know what the scenario will roll out.
I actually don't see it reaching those lows, from my analysis using Ichimoku clouds I see a bullish run on the horizon
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as in on my analysis, bitcoin just bounced from 9222$ at Bitstamp, so close to my prediction (9250), anyway i think it's not the end in my opinion, time will show.
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it's mos def hitting the 8k mark...... plenty of people might be jumping in right now. But others know better. And they will give it some time for the dust to settle.
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@thecryptochannel Thanks for this Analysis. What is the tool you are using to analyse charts?
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you're welcome, it's trading view
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