Next stop $6000?
Bitcoin has posted further all-time highs of almost $5800 after climbing $1000 in 24 hours. When resistance came at $5200, prices remained above the significant boundary before continuing to new heights never before seen. BTC posted a new high of $5798 in the early hours of Friday. Major rallies have traditionally been accompanied by downward corrections, albeit with each new high sparking a less severe correction than the previous one. Suspicions are also rife that investors are stocking up on BTC prior to November’s two hard forks, in order to maximize free coins on every chain. I think after that point we will see a stronger correction.
Let me know what you guys think!
Let me know what you guys think!
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.