Bitcoin price is establishing new record highs at 8000.00
The psychological cap for many Bitcoin holders!
8000.00 / 50% Fib extension level is a psychological cap for many Bitcoin holders. This means, there is going to be a resistance at 8000.00.
However if the 8000.00 resistance keeps getting tested repeatedly by buyers, then there is a possibility that it will break out to bigger highs.
I think correction is needed, if not at 8000.00 / 50% Fib extension then at at 8638.00 / 61.8% Fib extension.
But as the 76.4% Fib extension at 9350.00 and 100% Fib extension is located at 10500.00, bitcoin price might reach 10000.00 levels before year end.
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If it reaches that price, it will be outrageous. Well its defintely come a long way, i think i will pass
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I’m already ready for the next correction! Let’s go! Bitcoin to the moon! Once Lightning Network is done with beta testing, it’ll make bitcoin and litecoin shoot to the moon!
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So far all of these resistance and elliot waves etc. predictions about Bitcoin have been way off, let's see if this one is correct. The only thing that has been true is that BTC has been going up for a long time now.
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thanks for sharing nice technical analysis of bitcoin, no doubt 8k is strong resistence.
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Thank's for sharing @lordoftruth . . I am waiting for the next update.
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Is really a great post and I also do believe that Bitcoin will go rise but according to me it faces a resistance at 9011 so I expect a correction at this level thanks for your date information
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Bitcoin will reach 10000 around mid of December this year. Is it or end of December?
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We have to wait to see if will be correction at this level
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upped and resteemed !
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What if bitcoin reached 10000 it would be insane
i am pretty much worried about the steem and sbd per unit value will fall at a high rate
Currently its like
Sure it wold be great it will increase to all the investors mate
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Wow ! That's amazing !!👌👍✌✌💕😀
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thanks for sharing great news,
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looks like it can reach there in no time :D
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Good post @lordoftruth
Thanks for sharing my friend
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