Bitcoin Looking More and More Bullish

in bitcoin •  7 years ago 

As you can see, Bitcoin broke through the downtrend resistance and is headed towards a new resistance of 11.7k

We have a new support at around 11,150. If Bitcoin breaks through its resistance of 11.7, the next resistance will be found right at around 12k. If this momentum continues, we could easily see a 13k Bitcoin by the end of this month. The only thing that worries me, currently, is that the volume is very low. We need to see a pickup in volume, to really see a bullish market return. If volume tapers off, we could see Bitcoin drop below 11k again. In my opinion, Bitcoin is still looking very bullish.

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People used to say that ethereum would overtake bitcoin in 2018, however, it's starting to look less and less likely!

bitcoinweekly.PNG

Looking good !!!

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin11484.900$0.43%18.71%
ETHEthereum865.536$1.06%2.11%
LTCLitecoin213.211$1.42%-4.29%
STEEMSteem3.547$-1.46%2.99%

I believe it has already broken resistance and is now at a new support.
I present my case in the following post: Bullish Bitcoin

there's always a new resistance