Bitcoin chart predictions - Very exciting times

5년 전

Good morning traders and investors.

Bitcoin chart is currently stepping up hugely and is about to face the resistance line at around $2422.

btc.JPG

If it breaks through, there is literally no resistance for some time. So these are very exciting times at the moment.

If it does not break through though, there is a big possibility it goes back down to around $1700 until August 1st.

btc2.JPG

Tell me your opinions.

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  • This is not investment advise
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Good post, i'm following you :)

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  ·  5년 전

thanks :)

Nice, I just followed you :-D I also like to make BTC price predictions, check out mine here please :) https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-7-19-2017
I think that BTC will be 2480 by tomorrow or even hit 2600 briefly!

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  ·  5년 전

appreciate it
ill take a look :)

Bitcoin recovery is fast and as you mentioned if it breaks $2422 line, coupled with August 1 event been positive, it might just keep going up for the main time and if not, then market momentum will determine how fast it falls back. Great prediction, upvoted and now following you

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  ·  5년 전

exactly! thanks :)

I think it all depends on the activation of SegWit :) If all goes smooth, we should be good:

https://steemit.com/bitcoin/@cardboard/bitcoin-segwit-activation-schedule-infographic

Frankly, I would like to see another spike down just to confirm the bottoming process in this corrective move. But the spike upwards right now is very strong so reaching $1,800 zone again is not a given.

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  ·  5년 전

the time will show, I see 1800 fairly possible, especially if miners dont call 80% segwit in next days