Bitcoin is making rounds at $4000 level

in #analysis8 years ago

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I am seeing a clear pattern in the prices of Bitcoin. It gives lot of opportunities for teaders.
Bitcoin should be accumulated at every dip. After every fall in last few years, it has bounced back forcefully.
Bitcoin is facing strong resistance near $4000 levels. Its hovering near these levels from last 48 hours. It is important to breakout.

At the time of writing this post it was found to be recovered from its low of $3000 levels and sustained the attack from JP Morgan and China Ban.
It has been seen that Bitcoin always bounces back. The bouncing back process can be from a weeks to years.

The crashes of late have been smaller, less susceptible but bouncing back were faster than ever.

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This post has received a 0.08 % upvote from @drotto thanks to: @banjo.