Im not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.
Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What Im seeing here is another breakout is for BTC. Guys like to know your thoughts about this.
I'm no expert trader myself, I just read countless threads in the speculation board and hear others with much Technicals as far as crypto is concern and they are now pointing to the same argument as yours, bitcoin price is going uptrend and may moved towards $12K-$14K but with some resistance.Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What Im seeing here is another breakout is for BTC. Guys like to know your thoughts about this.
I guess its really time that we see the market goes into a positive trend. I'm tired seeing red in the last couple of months. If you Technical Analysis is correct then we are going to be happy to see bitcoin marching towards a new all-time-high.
And yes breakout has been redundant which very normal and it gives way for the newbies in trading to buy cheaper coins to trade. Anyway bitcoin can easily recover some losses.