Up or Down ? Or sideways till next year ?
Updated
Still a possibility for Bitcoin to break down the the 6.5k - 7.5k zone with the uncertainty in the upcoming election but all fundamentals are bullish. Alot of resistance at $12200 - $12500 , If those resistance levels are broken then bulls will try to push price to the next and last resistance before previous ATH at 14k. It could easily start off a parabolic run going into early- mid 2021. Short term bullish target is $12000- $12500 and at the end of December/ Beginning of January a huge move will happen, Im predicting a flash crash like in march that gets bought right back up.
Comment
Recent events made bitcoin break out much faster than expected. Hoping it holds at 12300 , Looks like it will hold and keep moving higher, but if 12300 is broken expect movement to the downside to as low as 10,800 - 11,000
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