Bitcoin on it's way to 13000$
Technical Analysis
Hello friends, you can see on my Analysis that after every time the price was confined i triangle, it became a big bullish with at least 30% , and we've seen that after the price breaked the last triangle, bitcoin bulled up. If the Price breaks the resistance of 11500$, we will watch the price grow up with 30%, that will happen, it will be depended on positive news.
Fundemenatal Analysis
Congratulations to every one invested in Bitcoin before the start of October and like i said that the oil prices will start grow up on the new week ( Last Week ), we've seen that the oil market is volitile, oil prices trades with big volumes, wich lead to fast movements in the prices, if the oil prices will not be stable above 40$, the stock market inclusive cryptocurrency market will not be stable as well, and i think it's will be a sign that telling us there is a new bearish i the market. while the Bitcoin was growing up the dollar was losing it's worth, but in the last bear candle of bitcoin, we see that dollar index opposite another crurrencies had a good bull, that mean if the dollar will lose it's value, it will be a good thong for bitcoin. But those reasons is not the only cause of the bull index of bicoin, cause Square bought 500M dolalr bitcoin, it gave a motive to people to invest in cryptocurrencies wich effected Bictoin price, in the end i say to you watch the stocl market when it open, watch EUR/USD index, Crude oil Index and Gold index, if there is bullish in EUR/USD index and bullish in Crude Oil index and in Gold index, it will be a sign for a bullish in bitcoin market.
Hello friends, you can see on my Analysis that after every time the price was confined i triangle, it became a big bullish with at least 30% , and we've seen that after the price breaked the last triangle, bitcoin bulled up. If the Price breaks the resistance of 11500$, we will watch the price grow up with 30%, that will happen, it will be depended on positive news.
Fundemenatal Analysis
Congratulations to every one invested in Bitcoin before the start of October and like i said that the oil prices will start grow up on the new week ( Last Week ), we've seen that the oil market is volitile, oil prices trades with big volumes, wich lead to fast movements in the prices, if the oil prices will not be stable above 40$, the stock market inclusive cryptocurrency market will not be stable as well, and i think it's will be a sign that telling us there is a new bearish i the market. while the Bitcoin was growing up the dollar was losing it's worth, but in the last bear candle of bitcoin, we see that dollar index opposite another crurrencies had a good bull, that mean if the dollar will lose it's value, it will be a good thong for bitcoin. But those reasons is not the only cause of the bull index of bicoin, cause Square bought 500M dolalr bitcoin, it gave a motive to people to invest in cryptocurrencies wich effected Bictoin price, in the end i say to you watch the stocl market when it open, watch EUR/USD index, Crude oil Index and Gold index, if there is bullish in EUR/USD index and bullish in Crude Oil index and in Gold index, it will be a sign for a bullish in bitcoin market.
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