Where is the Bitcoin price likely to go next?

2년 전

btc dec.jpg

Looks like there's a few possibilities here. The low could already be in. Seems unlikely, as there isn't a lot of support here and the chart just wouldn't look right with just one leg down from that descending triangle break. A pull back to either of the red lines and then a new low looks more likely to me. There's more support just under 3k and I've seen that's a target people have been talking about for a long time. Maybe this is expected, so the price wont go that low but it still seems likely. If that support can't hold then the lower green line is from the high of the last bull market. I've seen some people talking about that but I'm not sure it will go that low.

This is just my thoughts, not trading advice. How low do you think the Bitcoin price will go?

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order:  trending

Congratulations @wayoutwest! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 2000 upvotes. Your next target is to reach 3000 upvotes.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Saint Nicholas challenge for good boys and girls

You can upvote this notification to help all Steemit users. Learn why here!


You just planted 0.06 tree(s)!


Thanks to @wayoutwest

We have planted already
4874.08 trees
out of 1,000,000


Let's save and restore Abongphen Highland Forest
in Cameroonian village Kedjom-Keku!
Plant trees with @treeplanter and get paid for it!
My Steem Power = 30882.49
Thanks a lot!
@martin.mikes coordinator of @kedjom-keku
treeplantermessage_ok.png