I spoke extensively about the $6000 level in a post almost two weeks ago.
In the above post, I talked about if price was going to have any chance of moving higher, buyers needed to take out the sellers at $6800.
However, the buyers were never able to take out the sellers at $6800. Yesterday, price breached the $6000 level and went as low as $5910 before pulling back.
If you look at the price action over the last several weeks, price has been forming lower highs and lower lows.
Thus, if price closes below $6000 on a daily candle, look for price to go down to the $4400 - $4800 area.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
https://steemit.com/bitcoin/@noorsamad/bitcoin-is-going-up
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@rollandthomas sir, what do you think about bitcoin price in the end of this year ? Upvoted and Resteemed.
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Really hard to say. At this point, we need to get pass $6800, then $10k first. If the Financial Markets start going down and people invest in crypto as a safe haven, we can see $20k before the end of the year.
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Ok sir and thanks for reply to me
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Always outstanding work....let's see what 'stand' btc makes at 6100....I do see some optimistic signs. (just not enough yet.)
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Thanks @yankee-statman
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