According to Boris Schlossberg, the managing director of FX Strategy at BK Asset Management, the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still more upside potential.
I agree with him because seeing the stability of bitcoin for the past few days after it broke the margin of 7k. I have a strong belief it can break the 8k margin.
All i see is bitcoin bears fastening their seatbelts for a ride to the moon soon.
We always talk about how bitcoin may go up or may go down and we try to ask if it will do this or that but we never learn. Bitcoin will do whatever it wants and no one and I mean NO ONE will ever know what it will do. We work on our trading only based on support and resistance levels which means if it is not yet into resistance zone then you may go for buying.I agree with him because seeing the stability of bitcoin for the past few days after it broke the margin of 7k. I have a strong belief it can break the 8k margin.
All i see is bitcoin bears fastening their seatbelts for a ride to the moon soon.
Just a week ago people were asking if bitcoin will go back down to $5800 because it hit $6300 levels from $6800 levels. Today it is over $7.4k. No way we can ever estimate what bitcoin can do. By end of this month bitcoin can be $6k or $10k, yet no one will ever know.