Bitcoin hitting $61K means that the bull is not over.
We are going to see $70K before long.
https://thedailychain.com/bitcoin-price-hits-61k-hinting-that-bull-cycle-isnt-over-yet/
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
Yea I saw another BTC article in my feed. So long as it doesn't drop under 50k, I think it has a good opportunity to go to 70k soon enough.
https://finance.yahoo.com/news/bitcoin-above-60-000-again-022816607.html
Posted Using LeoFinance Beta
A drop below $50K could put $40K back on the table. I am not sure there is much to stop it if we have a selloff below that level.
Posted Using LeoFinance Beta
Yea that's why I think it will be fine so long as it doesn't lose 50k support.
Posted Using LeoFinance Beta
That would be a big mental barrier also.
Markets rely upon psychology.
Posted Using LeoFinance Beta
The truth is that it is respecting the bullish channel very well. I think that sooner rather than later we will see BTC in the 70 - 75K$.
Posted Using LeoFinance Beta
I would agree with that.
The channel is nicely forming.
Posted Using LeoFinance Beta
Now lets just hope that bottom channel doesn't break otherwise it might need some more time to consolidate.
Posted Using LeoFinance Beta
Downward breaks tend not to be consolidation but oh shit moments. LOL
Posted Using LeoFinance Beta
I think it's fine since there is still a decent amount of support underneath. At most it will only shake out those weak hands.
Posted Using LeoFinance Beta
That is true. We are not about to see the mega companies, selling. Grayscale just added another $1 billion to their coffers, something that is not about to hit the open market anytime soon.
Posted Using LeoFinance Beta