I don't know if someone has posted this already but I will start this topic to seek opinions from the experts and give ideas to the new traders. Bitcoin's price is ranging at $6800 very tightly since yesterday, the movement of the price keeps narrowing as the day pass by, is it a sign that bitcoin is going to break either its resistance or support?
If my prediction is right, I think bitcoin's price will moon at the end of the month. and I think it will range up to $12000-15000. So it is better to hold onto your coins and wait for the right moment to sell it.
Yes, I agree with your analysis and point of view as your analysis has been proven and the market has broken the resistance and start moving upside. Right now i can see that today the bitcoin chart has made a topping out pattern which is mostly created when the short term top is made on the price chart. I think your expected price level of $12000 will be reached soon if there is a breakout in the uptrend direction of the currently made topping pattern and i think there are high chances and possibility of doing that. I am personally expecting to reach $15,000 by the end of this May month because people have started buying heavily.