Head and shoulders forming, furthering the correction phase, I forecast some downward movement to atleast 58-59k area.
Retest of previous support line at 71k, failure to break through, means its the new resistance, I forecast a liquidation of longs and bitcoin going back down to 61.5k. A continuation of the previous bullish movement after halvening in April. New all time high of around 88,888, and then a Chinese sell off that triggers another small pull back. Stay tuned.
Several failed attempts to break above 10.6k, expecting a slow descent to 8k region until May 2020 around the time of halvening.
several failure to break up above 10.6k, I think we're bearish until around the time of halvening next May.
Finding new support at previous resistance 15k, currently consolidating, another big move upwards expected, within the next 24 hours, as support meets resistance. Pro tip: Segwit 2X hard fork = liquidate all alts into BTC to maximise S2X coin holdings, proceeding the hard-fork scheduled tomorrow.
The number 8 has always been of great significance for China, and for that reason, I believe we may see values as large as 88888CNY, in the not so distant future. The manipulation that continuously occurs. has allowed consecutive 8's, to become either a final flash of support or resistance. A milestone, followed by a swift return to the median. Thus far, both...
The environment is set, we have been in a steady uptrend that looks to be catching momentum, as we approach major resistance at 61.8% , previous highs will be retested, if specifically 5150 if reached and broken. A trump victory could also trigger further buying.