BITCOIN FORECAST (20Nov2017): Bitcoin is on Sideways Area

in crypto •  7 years ago 

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Breakouts 7400 and 8200 levels, to gain momentum next movement appears to Bitcoin price.

At 8200 breakout price of this level, that is considered start a new buying momentum would push prices to new records,
Therefore the trades decision on very important at this 8200 level

Closing price above this level means that the pen will be aimed more records the first target is 9000. By Fibonacci indicator

Either close down 7400 levels may be considered a signal for selling power back to the Bitcoin.

So it is advisable to stay out of the market while having a strong signal at these levels.

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