Post
Topic
Board Speculation
Re: BTC which price it's heading next?
by
vendetta009
on 06/01/2020, 01:12:50 UTC
Yea, i'm looking at the $7.6 to 7.8k resistance zone as well, if it breaks and hold, we might expect a bull run to i think 10k

There is a price rejection around $7700 and in that area bitcoin having hard time to surpass it because of the selling pressure. The price of the bitcoin is still consolidating in the area between $6000-$7700. I'm waiting if the price will breakout or breakdown. If the price breakout then it is a good sign that the bearish market will en but if the price break down then it is a bad sign because the demand is decreasing.

The resistances zones are always a good catch to watch. To be honest, I would be very surprised if we revisit the low 6k$ again. So the more interesting target is the upper resistance band at around $7600-7800.