Bitcoin finally made a breakout yesterday, but unfortunately to the down side. I was hoping it will go up, but seems like the Bear are still in control. ☹
But I should have known better after Tone Vays and Haejin Lee warned us that the charts are indicating $7500 target. I think it was me being in denial and hoping it will not happen. They themselves say they cannot say 100% that it WILL happen.
We went all the way down to $9566 on Bitstamp and we had a over sold bounce to $10215. Did the daytraders profit from that bounce? I hope so. 😊
The new support is now at $9566 on Bitstamp. We need higher lows and higher highs to get over the bears. Will it happen, or will the bears come out again for lower lows?
To get a clear view on the short term charts have a look at The Chart Guys video below:
Here is the analyst of Heajin Lee for a more longer term view of Bitcoin and it looks like we might be going lower:
What do you think of the current bitcoin prices? How low can we go? $7500?
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Colin Brazendale
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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.
much of the downward spiral is cause of the tether USD report that came out and the audit that is happening, this is another bad news that we dont need right now after the bitconnect saga
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Loads of bad news out now @joendegz
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Hello @colinbrazendale, once again! I think Tone Vays and Haejin Lee warned us good ahead of time. I am expecting it to dip to $7000s.
BTC shown resistance earlier as well and similar kind of low.
Due to the news going around of Tether has been artificially raising its value. It will take time for BTC to get back but when it does, BOOM! Let's hope positive chart growth. Cheers. 🤑
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You are correct, but still not nice seeing our bitcoin down @hungryhustle
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Nice, thanks for sharing. Please I need a mining site that wont just go off like bitconnect, can you tell me some site to do Mining.
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Genesis Mining is the most solid, but they only have 2 year Ether contracts available now. Best option is to invest in Steemit by buying STeem and SBD and buy upvotes @richgang
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I think Bitcoin is going to continue to fall, I just hope it doesn't take everything else with it
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Fingers crossed, up Steem and SBD @viraldrome
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@colinbrazendale, I believe bitcoin will bounce back.... From my own analysis, it will get up to 15k by ending of next month, mark my words!
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better do the play
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This post has received a 13.50 % upvote from @aksdwi thanks to: @colinbrazendale.
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Thank you colinbrazendale for making a transfer to me for an upvote of 5.82% on this post!
Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem!
The other half helps holders of Steem power earn about 60% APR on a delegation to me!
For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily?
To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
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This post has received a 2.37 % upvote from @boomerang thanks to: @colinbrazendale
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