BITCOIN (BTCUSD) Outlook

in #bitcoin • 7 years ago

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BITCOIN after its big drop last week by touching the price of 1835$,now it has shot up and touched the price of 2765$ where it's struggling.

Where's the price headed?

A possible scenario could be that price might drop from that resistance level it's now and touching the price of 2600$ where it meets the broken support trendline that could do some work by behaving as a support.From that point,after it has been tested the price should bounce back up and re-test the 2765$ level for a possible breakthrough.
After a possible breakthrough of the 2765$ level the price might be headed towards the level of 2970-2980$ where the highest level stands and after that we shall see what happens next.

I really hope that this post was even a bit helpful.
If,so please UPVOTE and RESTEEM to support my idea

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#trading #cryptocurrency
7 years ago in #bitcoin by
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     7 years ago 

    Interesting thoughts

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     7 years ago 

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