Today we saw a run up to $11597 on Bitstamp and then some profit taking. The price right now is $11438. The key resistance is still about $11700 to $11800.
On 21 Feb was the last time we saw $11710 on Bitstamp and then fell back to about $9344. This was good consolidation, but I would like to see us break $11710 to make higher highs to continue our bull run from $6000.
We have seen a great run from $6000 to $11700. That is almost a 100% up move. Some people saying bitcoin trading is slowing down, but that move proves them wrong. We just need to more patient and wait for the right opportunity.
Dan from the Chart Guys giving more details about the Bitcoin resistance levels at $11775:
What do you think of the current bitcoin price? Are we seeing a double top forming?
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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.
Do you think we are seeing a double top forming or do you think we will break $11750 this week?
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Lets break $11775 this week @lizette
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Thank you for the update!
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I think there will be a nice move up over the next 10-12 days before G20. During G20 I believe some downward movement due to FUD with media sensationalizing comments from central banks, however that will pass over time and BTC should continue it's ascension to 20k.
Disclaimer: Not financial advice, just my personal opinion. Please do your own research
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Thats amazing. 😊
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Yes it is @atiqur :)
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I think that a stable BTC price would be more value, than a fluctuating price range. We are in a raise of a new technology era. Cheers!
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I agree with you @ger.investor
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hey,
interesting post you have here. I saw that you are into cloudmining. You really think that it outpreformes just buying bitcoin or whatever coins you like? I baught a small contract at hashflare last year and i personally am not very impressed by the turnout. On top of that i am somewhat scared about the taxes for income coming from cloudmining (i am living in germany this might not be a problem for you ). None the less do you still invest in your contracts or what are you future plans?
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I have not bought new contracts in the last month or so. I am still getting paid everyday from Genesis Mining. USI Tech is remodelling the returns and rebuilding the website dashboard will be ready soon for withdrawals. Mining vs Holding, it depends if you are a holder or a trader and when you bought. If you are a trader and get your timing 100% you will make more with trading. Like buying at 6000 and selling today on 100% return. Or you can buy mining at any price and earn every day no matter what bitcoin price is doing @damp. What are your future plans?
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Breaking this resistance is still a hard one because people are still confused about the act of Bitcoin whether it will break out or break down. If we see any fomo than we will get more volume which will be helpful for break out.
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You got a 5.36% upvote from @adriatik courtesy of @colinbrazendale!
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You got a 3.14% upvote from @ipromote courtesy of @colinbrazendale!
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This post has received a 7.69% upvote from @msp-bidbot thanks to: @colinbrazendale. Delegate SP to this public bot and get paid daily: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP Don't delegate so much that you have less than 50SP left on your account.
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8.36% @pushup from @colinbrazendale
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Thank you
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As Bitcoin grew, it was forced to fight the flow of traffic on the network. Developers are divided about what to do.
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This post has received a 3.60% upvote from @aksdwi thanks to: @colinbrazendale.
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You got a 7.43% upvote from @buildawhale courtesy of @colinbrazendale!
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You got a 11.74% upvote and resteem from @ebargains courtesy of @colinbrazendale. Thank you for using the @ebargains UPVOTE and RESTEEM bot.
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You got a 10.31% upvote from @brupvoter courtesy of @colinbrazendale!
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You got a 3.47% upvote from @minnowvotes courtesy of @colinbrazendale!
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Top man, thank you
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Release the Kraken! You got a 8.54% upvote from @seakraken courtesy of @colinbrazendale!
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Thanks @seakraken
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Sneaky Ninja Attack! You have been defended with a 1.45% vote... I was summoned by @colinbrazendale! I have done their bidding and now I will vanish...Whoosh
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This post has received gratitude of 6.18% from @appreciator courtesy of @colinbrazendale!
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Do you really really really believe in miracles?
Thanks for your post.
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You got a 6.91% upvote from @nado.bot courtesy of @colinbrazendale!
Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.
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You got a 1.22% upvote from @allaz courtesy of @colinbrazendale!
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This post has received a 6.31 % upvote from @boomerang.
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For real this info is helpful, it updated me on the current bitcoin price and the importance of online marketing.. thanks a lot for this update 👍
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Great advice do you like cats? 😻
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Congratulations @colinbrazendale, this post is the eighth most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 1632 and the total pending payments to posts in this category was $13616.55. To see the full list of highest paid posts across all accounts categories, click here.
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i believe there will be another correction before the next bull run. its now at the top resistance line of the bollinger band.
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You got a 6.48% upvote from @bid4joy courtesy of @colinbrazendale!
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You got a 3.75% upvote from @postpromoter courtesy of @colinbrazendale!
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