Post
Topic
Board Speculation
Re: Are You Concerned On Sudden Rise of Bitcoin?
by
exstasie
on 31/10/2019, 18:06:12 UTC
Maybe everything will be fine and we are just going through the bullish correction at the moment, another accumulation stage before continued bull run.
Either that or $6K is coming if we break the 100 Week Moving Average. Bouncing off the 200 Day MA is a good sign though!
I think either way very soon we will find out where price is heading.

A spring off the 200-day MA to new highs would be a very obvious bullish confirmation for classical technicians. Fakeout below and spring back above.....a classic shakeout!

I really don't think $6K is coming, though we can't close the book on it yet.