RE: $BTC Technical analysis: Is the Bitcoin Bear Market coming to an End?

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$BTC Technical analysis: Is the Bitcoin Bear Market coming to an End?

in bitcoin •  7 years ago 

Cool Post. Since you got the bitcoin tag do you have a prediction for Bitcoin over the next few days? Also followed you for future posts :)

bitcoin
7 years ago by

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      ·  7 years ago 

    I don't have any price predictions as the market is so volatile. As things stand right now, it looks like the current push has run out of steam as volume is down. I do still think we're moving into a bull market though, and will be watching support levels @ 10900 (200MA on 1HR charts) and @ 10600 (20MA/Middle Bollinger on 1D charts) to hold. If those levels don't collapse, then we'll probably make another move up to the resistance level @ 11300 (Fibonacci Line) after breaking through 11000 (psychological resistance).

    As we speak, right now is quite critical, as we're at that 10900 level.

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