sdsdfbsfsd Posted June 12, 2019 #1 Posted June 12, 2019 The largest and most dominating cryptocurrency by market capitalization ($141.5 billion - 55.3%) trades just under $8,000 after having rallied more than 150% since the turn of the year. The longer-term bulls move was confirmed on April 2 when the cash price pierced the 200-day moving average and was strengthened when both the 20- and 50-day moving averages rose above the longer-term goal on April 12 and April 24. Higher volumes since the start of April aided the move higher. Bitcoin now looks likely to make a fresh attempt at a new 13-month high ($9,080) and is building support around, and just above, $7,450 ahead of the next move. This support needs to hold on the daily chart. The CCI indicator shows Bitcoin bouncing off oversold territory suggesting that bullish momentum is holding. To the upside, the first level of resistance is at $8,140, followed by old lower highs either side of $8,500 before the 13-month high at $9,080 comes into view. A break and sustained close above here suggests a new attempt at $10,000 before $11,600 to $11,970 come into play in the longer-term. finger crossed for a long term comeback for bitcoin, come on bitcoin rise hodl
williamshennie9 Posted June 13, 2019 #2 Posted June 13, 2019 I think it will eventually break $10,000 again. Once it does, then I suspect many people will sell to try recover their losses from buying bitcoin at $15,000 or more during 2017. Let's wait and see what the markets decide.
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