Quote from: entrepmind23 on February 16, 2018, 04:24:39 AM

Quote from: traderperspective on February 15, 2018, 11:07:40 AM

What is your take on the market conditions? Do you think we are seeing this bullish trend (from the bottom) keep going to ath again, or do you think resistance will hit the uptrend back again?

What price levels are you watching?

I am watching 12k, but I am very bullish on the market right now.

$10,000 is a psychological resistance and since we were able to break that then the next stop is around $12k. It is having a correction right now after hitting $10,200 so it may go down to $10k and then go up again to reach $12k level. If ever it surpass the $12k level then the next resistance would be around $13k. There would be many resistance levels before surpassing the previous all time high but if there is a hype again with all the media attention and new investors then bitcoin would reach a new all time high again sooner or later.

$13k right now is one crazy huge resistance and we may be hovering around that spot for a while but anything that makes us break it, then I am sure the market is ready for new runs. However, breaking the $12k upward will show us leaving the downtrend channel and that would be at least good for a total reversal confirmation as well, but with the way we have been holding on with a lot of support, I really want to believe this market is ready and right now we seem to be breaking out from the bullish flag being formed by the $10400 - $11k region.