Thousands Now Succeed With bitcoin Who Never Thought They Could

Bitcoin, Bitcoin Mining, BTC, Crypto, CryptoCurrency, HashFlare

 



 

BTC continues to defend the rising trendline drawn from Nov. 13 low and Dec. 22 low.

The 5-day and 10-day MAs slope downwards, while the 50-day MA favors the bulls.

Triangle pattern narrowing price range due to lower tops and higher bottoms.

View Repeated failure on the part of the bears to cut through trendline support adds credence to the bullish upward sloping 50-day and 10-week MAs, and could yield a rally to $14,690 50-day MA or even $15,000.

Further gains will face resistance, courtesy of the bearish short-term moving averages 5-day and 10-day MAs.

A close as per UTC above $16,000 triangle resistance would indicate the rally from Nov. 12 low of $5511.11 has resumed. Prices could then have potential to revisit record highs of $20,000.

On the other hand, if prices close as per UTC below $12,500 Dec. 30 low bitcoin may be looking down towards $10,000–$8,000.

Climbing wall

The above content is found from https://www.coindesk.com

 

Is Bitcoin Safe To Invest In? Subscribe To Life’s Biggest Questions: http://bit.ly/2evqECe Buy Our Merch: http://bit.ly/2ntxkEA Bitcoin. Bitcoin is the word the majority of avid internet users has c…



Login

Don't have an account ? Sign Up

Register New Account

Please setup your Google reCAPTCHA secret key first.

Reset Password

Already have an account ? Login