Hi,
I shared my technical analysis of Bitcoin to buy upon pullback under 2000$ for targets of 2200$ and 2400$. Today it has hit my 2nd target of 2400$...
Here is my post:
Bitcoin Short Term Buying Opportunity Stop @ $1800 and Targets 2200$ and 2400$
So question is now what???
I am still Bullish and after some consolidation i think prices can run for 2800$ and only clear break of 3500$ i think uptrend will resume and it will target towards 6500$.
Remaining below 3000$ means back for another test of 1850$ Daily Double Bottom and break of it means test of old resistance which is now supports and high of 2014 price of 1250$ and there i see again move towards 580$.
For now all eyes on 1850$ double bottom as above i see near term test of 2700$ and 2800$.
I will update for another opportunity if prices fall towards 2080$ in this week without going to 2800$..
For now consolidation is on way till 1st August with spikes both sides..
Good luck with Steem On!
Bitcoin price can fluctuate to any unbelievable price , but bitcoin is unstoppable by any powerful government in the world , we need to very very smart why trading at this moment until August meeting is over ,
It is indeed very volatile and close to 1st August price fluctuation will be high i think.. let's see as for now i don't see anything significant.. if there will be upside towards 2700$ and 2800$ then that will be taken very hard for sell.. Long term i am very bullish but short term it can crack deep downside... Also there are many that want Bitcoin to crack and share of it goes to other Altcoins.. so anything is possible..!!! Now more than 800 coins.. so what do they want? All coins want to rise.. Infact if Bitcoin rise then altcoins will rise too.. following papa ☺ but no body knows future...