Daily Bitcoin Update

in #bitcoin8 years ago

Bitcoin is still declining in value. Bitcoin is beginning to squeeze. To expect another breakout similar to that of the one we had back in October, I'd like to see the Bollinger Bands get more narrow, but we will take the increase in price either way we can get it.

As you can see, bitcoin is starting to travel towards the resistance line of about $5000. If Bitcoin finishes its wave pattern, we should see it break out around Earl April. Once bitcoin turns around, we should see an increase in alt coins too. 


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Hey @crazy8, great info on Bitcoin! Thanks for sharing. The markets are fun right now and it's great to have the updates from good content here on Steemit. Cheers!