BitcoinLong
Bitcoin correction
Gartly pattern
hope this won't be a another crash down like last time. in my opinion this will be a lil correction which is about 10-15% pull back from the 4492 resistance line.
anyway If that support zone could not hold down the price theres some possibility of market to be dropped down all the way to the $3600 level and the
following reasons would be cause for this market pullback, i guess
* China thing(about 30-40% volume comes from china and end of this month all the Chinese exchangers will be shut down)
* Next hard fork drama and FUD
once the market recovers and break above that 4492 resistance line i would say bitcoin is totally bullish and this run will lead to $6000 price level in end of this year or beginning of 2018.
hope this won't be a another crash down like last time. in my opinion this will be a lil correction which is about 10-15% pull back from the 4492 resistance line.
anyway If that support zone could not hold down the price theres some possibility of market to be dropped down all the way to the $3600 level and the
following reasons would be cause for this market pullback, i guess
* China thing(about 30-40% volume comes from china and end of this month all the Chinese exchangers will be shut down)
* Next hard fork drama and FUD
once the market recovers and break above that 4492 resistance line i would say bitcoin is totally bullish and this run will lead to $6000 price level in end of this year or beginning of 2018.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.