Hello dear reader,
Today we're going to talk about recent bitcoin price activity.
As you could see, BTC made a new Higher High on August 17th reaching around $ 12,500. It is a prime target because it is the first tier of summer targets (which you can see in green on the graph; ~ $ 12,300 / $ 13,200 / $ 13,850).
These targets correspond to the highest peaks of bitcoin in summer 2019. The bullish objective is therefore these levels in the first place, for this to be confirmed we must close the daily price above.
If this case is confirmed, it would be a good sign of a big climb in the future.
At the moment we have to do with a small retracement, which is still quite good in order to have a healthy climb. Let's see what the next few days have in store, hopefully some price action :)
Every charts are from tradingview.com. I hope this may have been useful to you. However, I let you make your own opinion and view. No financial advice, only few information about the cryptocurrencies.
What will be a game-changer is when Bitcoin will reach 20k and beyound.
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Indeed, I guess we are all waiting for 20k again and see what happen up there knowing that it would be the second time.
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It is a psychological barrier in our minds.
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let's hope ,to see if it reaches 20k.
Thank you for your valuable contribution.
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Thanks @reinaldoverdu,
Yes it's going to be interesting months ahead of us :)
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I believe many altcoins are taking inspiration from the wonderful journey of Bitcoin to believe they also have a bright future ahead. I will be happy if I can see bitcoin hit 20000$ at the end of this year
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Yes and among them, steemit should have good days ahead. Let's be patient and we will see 20k again ;)
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Nowadays bitcoin is runing in good condition
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Ready to take off :)
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Dear @lastminuteman
Do you think crypto space is mature enough ... and are regulated well enough for another bull run?
I'm personally not sure.
Yours, Piotr
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Dear @crypto.piotr,
I don't think so but if it has to happen it will, just like it was in 2017 !
Let's hope the best for all of us :)
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