Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 28/06/2018, 01:37:20 UTC
bitcoin weekly chart shows bullish sign , according to me before 1st week of july we will see uptrend in market . However cant say upto which level it will lasts bcoz it is not as strong as last year bull run . back to back 3rd dip of $6k have created more panic , need to break resistance soon .


O.k.. I will bite.

Where are you suggesting resistance?  Maybe $6,300?  $6,900?  $7,500?  $8,800 and/or $9,999?

Can we rest assured at some level?  Let's say prices go springing back into a $8k to $9,500 range, would that be more comfortable?

What happens if we do not break resistance?  Does support become more vulnerable?  Or do you believe it is possible that BTC prices could float around "stably" in a $5,800 to $7k range?

What is a more detailed description of your assessment of the current price dynamics (movements) in bitcoin?