For more than a week now bitcoin's value have been swinging around 8k and counting. Indeed a good sign that bitcoin is fighting towards higher value from being down at 6,900 on the first week of april.
Will it be holding on to 8k for the next couple weeks or will it surge amidst of mid year or fall down again.
Hey Bitcoins Analysts whats your opinion..
Will it be holding on to 8k for the next couple weeks or will it surge amidst of mid year or fall down again.
Hey Bitcoins Analysts whats your opinion..
Longer term: I'm bullish on the 1-week and the 1-day time frames. It's not obvious to me how to forecast the 1-month chart, though. We could be in a bull trap, or we could be in a situation like summer of 2013.
Shorter term: This trendline (and some horizontal resistance on the 1-week chart) should provide an obstacle.
