Here I make a bullish scenario about bitcoin where we will go to $53k maybe even $55k.
Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.
Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.
What do you think about bitcoin price predictions?
Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.
I think we are climbing to 53k again as now Bitcoin price is near taking the 52,000 dollar value again.
The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.
I think at this moment the resistance is 55k mate, we have fallen down to below 47k means it is 8k up again taking that 55 thousand price .