Techincal Anaylsis Bitcoin (BTC) 01/14/2018

in bitcoin •  7 years ago 

Bitcoin is taking horizontal support at $12855 which is also the 0.5 Fibonacci level support. We might soon see the prices move towards the trend line resistance (slanting black line). As breaking the trend line would consolidate the uptrend. However, it it breaks the support at $12855, we might see it fall further towards next support at $11202.

btc.jpg

Good luck !!

Disclaimer :
This post is my personal opinion and is provided for informational purposes only. Don't consider buying or selling any crypto currency without conducting your own due diligence.

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yesterday i invested in BTC with the hope that it will rise . is my decision was right or wrong

Short term it might move a little up-down. But, long term I am pretty bullish on bitcoin. This looks like a pretty good time to enter.

vincentb train upvote, upvote all my content/followback/comment, so I know who you are, and I will do the same