What's Next for BTC after Putting in New ATH
Bitcoin did what we all wanted it to do and cracked the prior all time high set back in the summer.
This occurred as part of the move we've seen off the 40k area and now that we are here the question is what comes next for bitcoin price.
This move is roughly the same size as the move we got when price rallied from 30K into the low 50's so there could be an argument that we consolidate here for a bit, however when a new ATH is reached we often see price push a little more.
It should be interesting and I like that price is testing the ATH level as support while I type this. We'll see if that plays out but either way I break down these thoughts and more in the video.
What's Next for BTC Price?
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Looks like a small pullback is what was next! :) Fridays are usually pretty good, so it will be interesting to see what happens going into the weekend.
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That is a good question and hopefully, the uptrend continues to amaze us with an over $100K record. If that is reached, the world will never look the same way to Bitcoin and cryptocurrencies. That would write history!
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As always, there's going to be a little pullback before it gets to a new ATH by November and then December. I'm just speculating though.
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Profit taking is sort of needed now.
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According to the image you posted online. If BTC break the current resistant line,is going to use the resistant line as support. From there we will expect a new bullish trend to 80k. But currently now, BTC is at 62k now.we are expecting more bullish trend on it.
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Yeah, 64k would be first potential downside support, then 59K would be the next.
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Ok
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What a time to be alive, especially, when you're into crypto!
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I believe we'll have some zig zagging for the next few days, maybe a week, so the market can digest the move, but the bubble is inflating at quite a pace and wouldn't be surprised if BTC hits $70,000 by the end of the month.
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Yeah, we are due for some profit taking
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Hi @scaredycatguide
Good Video
I am learning and actually understood much of what you said :)
Agree Bitcoin looks like it’s taking off.
Praying for Cub to stay down a bit longer while my new on boards accumulate it as their money clears the various hurdles. LOL
Any news on the IDO?
Thanks
Www.Leofinance.io/@easydefi
The Shortcut to DeFi Profits
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Cool! I'm waiting on IDO news too
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Told someone yesterday exactly this
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Nice!
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