RE: Bitcoin Testing Resistance At All Time High level- Breakthrough Imminent?

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Bitcoin Testing Resistance At All Time High level- Breakthrough Imminent?

in bitcoin •  7 years ago 

I don't think crypto or bitcoin is in a bubble, however bitcoin has risen exponentially with few solid support levels. It's gonna be a long way down if/when it retraces significantly. that hasn't happened since 3000. arguably even 1800. It'll break 8000 though easy. we'll see what CME brings!

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At this point 5,600 area is a pretty solid support line in my analysis, and I dont see anything right now that will force it to test those lows but there is something known as the future so we will see. Good luck!

  ·  7 years ago (edited)

Thank you as well. The futures market will be very interesting.