Bitcoin Daily Picture
This is not for investment advice. Only for entertainment purposes.
Here are my thoughts on one possibility for Bitcoin over the next couple weeks. I see BTC adhering to the strong support line set last July and has started flowing down a nice channel in what looks like a large bear flag. I think we will hit the trend line next at $12074 and then bounce down and out, potentially all the way down until $4315.
Hopefully we will have already corrected, or will bounce with a large bullwick and back up into the channel before rocketting out.
Hey @dunndeegan, 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!
Thank you for the positive feedback! :) I'm glad you enjoyed my post!
For future viewers: price of bitcoin at the moment of posting is 8453.20USD
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