Come on Bitcoin, you can do it

19 Ağu 2019

So far so good, sideways retracement of Bitcoin is still ongoing. Right now, we are at an interesting spot, let's hope bitcoin can break 10870 and stay above it. At that point, we are very bullish but of course, for any large movement to happen, either the 100 SMA needs to catch up or we hit the target retracement point. Of course, it's also possible for bitcoin to ride up to the middle yellow line in my chart which is a good point to take profit if you think it's going to channel or it may start going higher than that. Look at your technical analysis, at least cryptocurrencies tend to follow it where as forex it does not.