Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Price Trend Reversal in Progress?
by
xZork
on 24/12/2019, 16:35:26 UTC
Well, the bitcoin pattern is showing strong resistance to break new gains. I was a little surprised, when most of last week showed down direction, and a lot of speculation the price fell at $ 6000. now bitcoin is breaking patterns and speculation. I hope that bitcoin can penetrate at $ 8,000 until the end of this year.
I don't think bitcoin can reach $ 8000 this year. We only have a few days before the end of 2019 and I don't see any signs that bitcoin's price will go up. Perhaps bitcoin will be trading at $ 7000 ~ $ 7,500 in the last days of 2019, and bitcoin can only increase to $ 8000 in February 2020.