Post
Topic
Board Trading Discussion
Re: Reversal of Bear Market?
by
mbsyahia
on 21/04/2019, 09:42:22 UTC



Bitcoin has been stable a little above  $5000 and many efforts has been made by the bear to push it back and kept it below that level but there couldn't do that.  The market is growing and I strongly believe that very soon it will be heading towards $6000.

yes it's true that bitcoin has held up well since it reached 5,000 but I think the next support (5,800-6,000) is decisive for the future

Next stage should be at 5300-5400$, if resistance level won`t be overcome then long-term investors may see quite frightening situation. Several organizations may fix their profit and it can lead to falling even to 4500-4700$ mark. Also launching a new platform Bakkt may affect, it can attract new big players from USA and force Bitcoin to rise.

Yes sir but I wanted to say that support is $ 6,000 and not easy to surpass, (but it's just my opinion and I'm here to learn  Grin )